A friend was cold called yesterday from someone asking to speak to her husband who died over 15 years ago. He said that her husband had Alliance and Leicester shares which his company was interested in buying. My first thought was that this is some sort of scam, but they emailed a non-disclosure document that they want her to sign and return (she has not done this) so I think they do have information about a share holding. The company is Alpha Capital and Equity Partners which is based in New York.
He had a number of accounts and investments, so it is quite plausible that he also had A&L shares. Alpha could be above board, but presumably will take a cut of the proceeds. It seems dubious wanting a non-disclosure agreement which would tie her in while being vague about the details.
A&L is now part of Santander, I believe, so they may have been converted into Santander shares. How do you suggest she proceeds? Can she find out if these shares exist and reclaim them without using a third party?
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