Eram Capital Advisors / Beaufort Securities Possible Scam?

Hello I got contacted by soemone who claimed to work for Eram Capital (128 City Rd, London, EC1V 2NX) who said I had over £30,000 in an unclaimed monies account following the collapse of Beaufort Securities. I just need to send them over £7k to get access to it.

Sounds like a huge scam I know. But Eram Capital are a real firm, the director name also checks out on companies house. I guess the scammers are either Eram Capital themselves or are using their name to get me to send the money to them. I won't do of course, but wanted to warn others. 

Comments

  • TadleyBaggie
    TadleyBaggie Posts: 6,051 Forumite
    First Anniversary Name Dropper First Post
    Obvious scams are obvious.
  • dunstonh
    dunstonh Posts: 116,334 Forumite
    Name Dropper First Anniversary First Post Combo Breaker
    Hello I got contacted by soemone who claimed to work for Eram Capital (128 City Rd, London, EC1V 2NX) who said I had over £30,000 in an unclaimed monies account following the collapse of Beaufort Securities. I just need to send them over £7k to get access to it.
    Yep. Classic advance fee fraud.

    Sounds like a huge scam I know. But Eram Capital are a real firm, the director name also checks out on companies house. I guess the scammers are either Eram Capital themselves or are using their name to get me to send the money to them. I won't do of course, but wanted to warn others. 

    It wont be the real company. It will be a scammer cloning them.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Rollinghome
    Rollinghome Posts: 2,676 Forumite
    Name Dropper First Post First Anniversary
    edited 4 March at 5:19PM
    GeoffBird said:
    Hello I got contacted by soemone who claimed to work for Eram Capital (128 City Rd, London, EC1V 2NX) who said I had over £30,000 in an unclaimed monies account following the collapse of Beaufort Securities. I just need to send them over £7k to get access to it.

    Sounds like a huge scam I know. But Eram Capital are a real firm, the director name also checks out on companies house. I guess the scammers are either Eram Capital themselves or are using their name to get me to send the money to them. I won't do of course, but wanted to warn others. 
    There are 22309 companies using the address of 124-128 City Road. There's a small entrance to offices above a bookmaker's shop and opposite a phone and vape shop..   See https://www.companieshousedata.co.uk/a/5959565   Seems to operated by   https://www.yourvirtualofficelondon.co.uk/ who offer virtual business addresses and call-answering services. 

    So there are likely to be some genuine small businesses using that address and more than a few very dodgy ones.  Don't be too impressed by posh sounding addresses.



  • MrPoopy
    MrPoopy Posts: 1 Newbie
    First Post
    I was also approached initially by telephone and then by letter. I was also offered the prospect of £10's of thousands  back in exchange for an initial fee of a few thousand. I poked around the Eram Capital website which tells you very little and looks like it's AI garbage! Their address on the website is 160 City Rd as opposed to 128 City Rd. Apparently the holding address for the multiple companies which used the address moved from 160 to 128 fairly recently. It looks like it costs around £28 per year to have a company registered at this address.
    Eram Capital appears not to be regulated although a claim of regulation in itself is no guarantee. Several different males called me, many times from private numbers.
    In the end I decided it was a scam and phoned up Action Fraud and the FCA to report it. They agreed with me and the Action Fraud lady was amazed how many companies were registered at 128 City Rd! Both organisations have plenty on their plate at the moment and this may not be classed as a priority. If you are approached, be wise!
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