Unsolicited approach to sell SSE shares

hackenbush55

Just off a phone call from a relative who has had approaches from Morgan-Kingston International Consultancy LLC of New York to sell his SSE shares at an inflated price. Has anyone heard of them? I have advised him to steer well clear. Their domain name http://morgan-kingstonintlconsultancyllc.com was registered on 23 July this year, and the website looks nice and convincing, but not to me. Any thoughts or comments appreciated, and will be passed on,

bigadaj

Scam, would assume it will be followed up by the need for a facilitation fee to be paid or similar before the shares can be sold.

Thrugelmir

Avoid boiler rooms. As old as the hills. 

Linton

This is a common scam.  I believe how it works is that they will offer an inflated price for the shares because they represent someone who is trying to take the company over. Before the deal can be completed there will be some expenses that will need to be paid.  Once the relative has sent the expense payment nothing more will be heard from the scammers.  All of SSE shares amount to about £13Bn.  I doubt your relative's holdings wold make any difference at all to whatever the Morgan-Kingston Consultancy said was afoot.

hackenbush55

Thanks all for confirming my thoughts. Spoke to him again with your comments and the danger seems to have been averted!

AnotherJoe

Tell your relative now they have interacted with these people,  he will now be on a suckers list, and to expect more calls, not about SSE but scams of all varieties. 

Torry_Quine

I had one of these calls but on further questioning it was my MIL they wanted. She died 8 years ago!.

Sebo027

These types need a good pursing.