Art investment during virus target calls

GDB2222

Grumpy_chap said:

It is a scam - simple as.
If there is a virus, it's still a scam.

mobilejo said:

It is a total scam, heed Hootisit's warning and tell your friend to run a mile.

The doubt in your original post as to whether it is a scam or not is literally all these conmen need to prey on - if there is even an ounce of the target that isn't sure its a scam, they will exploit it. Which is why these scams keep taking place.

Never ever ever invest with companies have that have cold called you, unsolicited. And be super vigilant even with the ones that you contact yourself!

I’m surprised at these posts. Do you have personal experience of this company? How will you defend yourself if they decide to sue? The term scam and ‘conmen' implies that you think the company is fraudulent. Do you have any evidence for that?  

 The online reviews for this company are a bit mixed but largely positive. 

None of that is intended to imply that what they are offering is a good investment. Indeed, it may be a very very bad investment, but that’s not at all the same as fraud.

Grumpy_chap

It is a scam.  If they want to sue me - bring it on!

mobilejo

GDB2222 said:

Grumpy_chap said:

It is a scam - simple as.
If there is a virus, it's still a scam.

mobilejo said:

It is a total scam, heed Hootisit's warning and tell your friend to run a mile.

The doubt in your original post as to whether it is a scam or not is literally all these conmen need to prey on - if there is even an ounce of the target that isn't sure its a scam, they will exploit it. Which is why these scams keep taking place.

Never ever ever invest with companies have that have cold called you, unsolicited. And be super vigilant even with the ones that you contact yourself!

I’m surprised at these posts. Do you have personal experience of this company? How will you defend yourself if they decide to sue? The term scam and ‘conmen' implies that you think the company is fraudulent. Do you have any evidence for that?  

 The online reviews for this company are a bit mixed but largely positive. 

None of that is intended to imply that what they are offering is a good investment. Indeed, it may be a very very bad investment, but that’s not at all the same as fraud.

A scam doesn't always mean fraud. Fraud is a criminal act, a scam can just be a law abiding company leading people to part with money for something they don't need/want through clever sales patter. That's not always illegal.

I don't have any experience with them, so I guess anything I say is only my opinion. But the OP asked for our thoughts so...

buntastic

halifax24 said:

I’m worried about a friend of mine during this crisis Frederick Charles Art seem be cold calling to say they have obtained his details advising him to invest in art at this time all sounds a bit to good and I’m concerned they are using the current virus to target - I’m really worried as from what I understand of the calls they seem to be using this time - they are advising him to buy art they buy up from estates art and sell they hold the art for 2 years then you can collect they are talking about upwards of £2000 I’m worried people on there own at this time could be open to the so called art company Frederick Charles Art - I’m sure they are an ok company but just seems bit odd they are saying now is the time to invest in art and they seem very persistent with follow up calls. I’m worried for my friend as he seems very taken in by what they are saying 

Hello, I’m one of many people who have been affected by this company and am gathering others with similar experiences, as there are multiple reports of potentially fraudulent activity. If you believe you’ve been scammed or misled, I’ve created a Facebook group where we can connect, share our experiences, and discuss possible actions moving forward. The Facebook group is called Frederick Charles Art - Group Action Page.

buntastic

hootisit said:

Please don’t buy from Fredrick Charles art  they convinced my father in law who was 72 at the time and has Parkinson’s to buy over £40,000 in art saying it would be a great investment they phoned constantly always asking for his bank card until he relented he never told us about any of this as he was so embarrassed  we found out when he moved into assisted living accommodation recently and we had to sort though his financial things he had to use all his life savings to pay for all the art he has never even seen as it’s being kept in a warehouse somewhere (seemingly) we don’t even know where to start trying o get his money back this shouldn’t be allowed to happen to vulnerable people they should be ashamed of themselves 

Hello, I’m one of many people who have been affected by this company and am gathering others with similar experiences, as there are multiple reports of potentially fraudulent activity. If you believe you’ve been scammed or misled, I’ve created a Facebook group where we can connect, share our experiences, and discuss possible actions moving forward. Please feel free to join - Frederick Charles Art - Group Action Page.