Smith & Lockhart Associates

rosiebear99

Thanks For comments they have been very useful...

neiljb9999

I was approached by Smith & lockhart associates about some shares that I own. They sent the usual NDA to sign and then it was soon followed up by a legal document with an offer for the shares. The catch was to send a 'Bond' up front.

I checked with the company whose shares I own and they were aware of these people and confirmed that they were NOT genuine.

I have since reported the scam to the fraud Office and they also confirmed that this is a scam.

My advice is not to have anything to do with these people.

Reaper

neiljb9999 wrote: »

They sent the usual NDA to sign

An NDA is not usual at all, but common practice with scammers.

and then it was soon followed up by a legal document with an offer for the shares. The catch was to send a 'Bond' up front.

Ah a good old fashioned advance fee fraud. Despite it's age it is still popular so I guess it must still work.

I can guess the rest... old worthless shares of yours, a mysterious buyer willing to pay well over the market price preparing for a takeover bid, you must not tell anybody about it. Sounds familiar?

Genuine financial companies do not cold call.

Nostrils_2

DEFINITELY DODGY - Staff at work have just received a global indicating this scam involving shares - Apparently this scam is called a boiler room scam. Company advise is to take details to call them back, their FSA registration number - If they are reluctant to give such details, then end the call.

bobgellatly

I have had three phone calls from them. They want to buy my shares in International Power for a private client. The market price is about £3. They want to pay me £5. Trouble is I sold my shares in 2008. Surprisingly this didn't put them off. They phoned again to say that their legal dept had found that I owned 4,896 shares (I wish!!!). The explanation as to why I didn't know about them was too complicated for me to follow. I signed their NDA. The third call hinted that I needed to take out insurance to cover the possibility that the buyer might back out. Can't see how that would work but at least it gives an idea as to where they might make some money out of me. Waiting for the next phone call!!!