Someone wants to buy our Shares but think its a scam - can anyone help?

cmadmaj

:eek:

Just had an attempt to buy worthless Redstone shares for a small fortune in return for an upfront payment for an insurance bond. Company in question is NY Finance Ltd based in 7th Ave, New York. They have an address, telephone / fax numbers and a great website. Giveaway is that american companies are not "Ltd" and there is absolutely no trace in any company phonebook. Folk are asking where to report scams - go to Trading Standards. They are always VERY grateful for any and all information about any type of scam and will deal with it accordingly.

lukey65

Keep away from these people.After many plausible phone calls from new york, this company was offering to buy shares i had in a company which had previously gone bankrupt.
they said that a company director wants to get the company back going again, but needs to buy as many shares as he can, at a ridiculous price.
You need to send them a bond, which they say is refundable and then you will get money for the shares( i was offered 72,000).Just give them your bank details and they will send the money by transfer.
DO NOT FALL FOR IT-BE WARNED

Reaper

The names change but the scam stays the same. See post 9 for what the FSA has to say about it.

Loughton_Monkey

Be interesting to string them along to the point of the 'refundable deposit' for your Motion Poster Plc. Then offer them X Voyager IT shares because you just know these are worth £5,000.

Actually I find it hard to understand why the fraud police cannot simply take one or two 'real' people and get them to follow through, but record all the IP addresses etc. involved and have these shysters nailed 'bang to rights'.

rorystanbridge

I am being pestered by a company to buy my worthless Redstone shares. They keep phoning me and I leave them to talk to my answering machine. I am tempted to leave the phone off the hook having answered the call so they incur a large bill. Any thoughts?

prowla

I've just had Harris James (http://www.harrisjamesassociates.com/) call me on this one.
They've valued my (worthless) shares at £8-15 and have sent through the NDA to sign.

dunstonh

There is another company called Cooper Company Management that are phoning from the US asking to buy share at £2.50 which are currently 4p. However, you have to send them £9k first before they send you the money. That sort of increase is too staggering to be true along with the fact the cooper website was only hosted from January 2011 and listed with cheaphosting.com. They want passport copies and a whole load of personal data as well.

Its all the classic scam signals that they entice you with a a ridiculous profit margin and large sums of money and all you need to do is send them an amount much less than that but all you see is the profit. They also sell your personal data on to other fraudsters and you get hit on that as well.

SD1_2

dunstonh wrote: »

There is another company called Cooper Company Management that are phoning from the US asking to buy share at £2.50 which are currently 4p. However, you have to send them £9k first before they send you the money. That sort of increase is too staggering to be true along with the fact the cooper website was only hosted from January 2011 and listed with cheaphosting.com. They want passport copies and a whole load of personal data as well.

Its all the classic scam signals that they entice you with a a ridiculous profit margin and large sums of money and all you need to do is send them an amount much less than that but all you see is the profit. They also sell your personal data on to other fraudsters and you get hit on that as well.

If it sounds too good to be true it almost always is!

You're absolutely correct, this is classic Advance Fee Fraud - The scammer claims to have a vast amount of money that you can access by sending them a smaller amount.

Demands for money then increase incrementally until you have invested too much in the deal to pull out. It's known as "Escalation of commitment" and has led to victims losing thousands.

Steer clear.