Richmond Capital Management - Warning!

Information continues to surface, regarding the activities of a company called Richmond Capital Management.

Follow the link to discover more about Richmond Capital Management which does not appear to be above board.

Read more about Boiler Rooms and Investment Fraud.

Sovereign Global Trading - Warning!

Information continues to surface, regarding the activities of a company called Sovereign Global Trading.

Follow the link to discover more about this company which does not appear to be above board.

Read more about Boiler Rooms and Investment Fraud.

Abacus Trading

Further to my previous post, there have been some interesting developments.

They have been calling regularly and are now getting pushy.

They then tried a new trick on me. They took me to the SEC site, and asked me to enter a ticker symbol for them. It produced a page that looked like the SEC knew about them, and in some way supported their trading.

Nothing could be further from the truth!

I contacted the SEC and they had the following to say about Abacus Trading.

"the filing you linked to does not mean they are authorized by the SEC nor does mean they are recognized in any way. There is no registered broker-dealer with the name abacus trading. You should probably avoid them."

Be warned!

Abacus Trading

Another attempt at a secondary scam. Abacus Trading is attempting to buy DFRC shares for the Fizer corporation as a tax write off. There is little doubt that they will charge a fee for this service, and quietly disappear without selling anything!

We shall see.

Alliance Global Investors Funds

We have reports of another bogus company trying to operate a secondary scam on Sukumo victims. They claim to be operatinmg out of Manhatten, but they have been traced back to Malaysia.

The scam involves them offering to buy back your worthless shares for a 'small fee'. Classic secondary scam tactics.

Don't fall for it.

Read more about Alliance Global Investors Funds.

A Success Story

The FSA have finally done something worthwhile in the UK. Follow this link to a BBC News story, concerning Boiler Rooms, and one that has been dealt a blow.

Stock Watchers continues to monitor Boiler Rooms and their evil trade!

Prestige Group Limited - Update

The SEC have confirmed that the Prestige Group are NOT registered with them, nor do they exist where they say they do.

Make of that what you will.

I for one will keep well clear of these people.

Prestige Group Limited - Continued

These guys seem like typical second wave scammers. In other words, they are trying to re-scam victims. Lowest of the low.

They seem to be offering well over the odds for worthless shares, in exchange for a fee for lifting share restrictions. Yeah right!

Their website is dodgy too. There are some glaring mistakes. And the domain has only been purchased for 12 months. Here for the long haul, obviously!

Steer well clear.

Stock Investment Fraud
Boiler Room Web Site