Nivo and Netstairs

Another possible scam has been working away involving two protagonists.

Nivo Invest (the suspected boiler room) and Netstairs (the suspect stock).

Please read through all of the posts on the thread.

There are some posts defending the investments, but these are suspicious in themselves.

Buyer beware!

Buckingham Holdings International (Limited)

We have a new suspected slop house operating, called Buckingham Holdings International (Limited). They are believed to be running a slopping operation, whereby they offer to buy your shares in some worthless company for a huge premium, in exchange for a 'bond' payment.

Suffice to say that if you pay, you will never hear from them again.

They are believed to be targeting victims of the Slender Life scam.

Buyer beware!

Slop and Recovery Operations

For those who have been caught by Boiler Rooms in the past, you will, no doubt at some point be presented with an answer to your prayers. Someone calls you, out of the blue, and suggests something like 'a takeover' is occurring at the Company that you ended up with shares in.

And guess what?

A third party only needs another 5% of the shares to manage their hostile bid.

And guess what?

They are willing to pay top dollar, maybe $10 a share for your worthless rubbish that is not even worth the paper it's printed on.

And guess what?

To qualify for this brilliant deal, all you have to do is ......
....
....

send them MORE MONEY!

DON'T DO IT!!!!

No matter how tempting, no matter how good the patter. You were caught once, and you are just about to get caught again.

Slop Schemes.

or

More Recovery Scams

Insta Trade in Amsterdam

Another suspect boiler room appears to be doing the rounds. Classic tactic of calling and warming you up, and then hitting you with some 'must buy' shares.

Insta Trade.

There is also information brewing about these boys at InstaTrade.

It sounds like the South African mob are behind this. See CFS International and Clifton Financial Services

More information on the slops they are offering to follow.

Buyer beware!

Prime Global Inc

Another suspect entity has emerged. Here is the verbatim posting from the Boiler Rooms UK web site.

Yet another I'm afraid,

"Prime Global"

Supposedly trading from 555 Madison Avenue New York, NY 10022 Telephone 646-365-3164
The telephone number turns up the anticipated " The phone number "(646) 365-3164" is a New York, NY based phone number and the registered carrier is Broadview Networks, Inc. - Ny."

The website:
Registrant:

Domains by Proxy, Inc.
15111 N Hayden Rd., Suite 160
PMB353
Scottsdale, Arizona 85260
United States

Registered through: GoDaddy.com
Domain Name: PGLOBALINC.COM
Created on: 13-Aug-04
Expires on: 13-Aug-05
Last Updated on: 13-Aug-04
Administrative Contact:
Private, Registration PGLOBALINC.COM@domainsbyproxy.com
Domains by Proxy, Inc.
15111 N Hayden Rd., Suite 160
PMB353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax --
Technical Contact:
Private, Registration PGLOBALINC.COM@domainsbyproxy.com
Domains by Proxy, Inc.
15111 N Hayden Rd., Suite 160
PMB353
Scottsdale, Arizona 85260
United States
(480) 624-2599 Fax --

Domain servers in listed order:
WSC1.JOMAX.NET
WSC2.JOMAX.NET
IP 64.202.167.121

NOT to be confused with
http://www.primeglobal.com and http://www.primeglobaloffshore.com
Prime Global of 8501 Wilshire Blvd. #220, Beverly Hills, CA 90211

Please note that although the 'Company' purports to be established in 1997, the web site was registered in 2004, and then for only a single year. To my mind, this does not indicate a real Company is behind it.

In Time Group

A suspected boiler room by the name of Milton Dewar Asset Management is hawking shares in a Company called the In Time Group. Offices in New York, Paris and Rome!

The patter is very compelling, and they mention things like associated companies who were watch makers to Churchill and Einstein. They also drop in the names of people like David Beckham, Madonna and Arnie.

Please do a thorough background check.

Buyer beware!

NMG Financial Services in Amsterdam

NMG Financial Services in Amsterdam are starting to do the rounds again (and they won't be in Amsterdam!).

They started cold calling potential victims back in September, and then went quiet.

However, word has it that they have started their activities again.

Follow the thread above, and be warned.

Buyer beware!

Milton Dewar Asset Management

Following on from a post a few days ago on the thread regarding DMS in Zurich, regarding Milton Dewar Asset Management, has anyone heard from these boys, or have we stopped them in their tracks?

Their web site is slick (as they usually are) but is copied from that of a legitimate trader.

Our eyes and ears are open for any more instances of these people raising their head above the parapet.

09/02/05
Looks like these boys haven't given up on us yet.

Peddling Atlantic Wine Agencies stock.

They are know to be working in Barcelona now, certainly not in Zurich as they claim.

Any Sukumo Victims Out There?

If you have been a victim of the Sukumo Group, then you need to take action.

Please follow this thread


Sukumo Group Victims

Sukumo were a boiler room who stole millions from British Investors (and others it is believed).

However, in no small way due to the actions of a few motivated victims, one of the main men behind the scandal is behind bars in Laos, and others have been prosecuted in the States.

Regulation S Shares - A Crime in Themselves

If anyone has done a study of boiler rooms scams, I am sure that you will see a common theme running through most of them.

I am sure that anyone who has been caught up in these, will have inadvertently become the proud owner of stock in US companies issued under regulations S. In my experience you are never told of this 'small detail' when the crooks are going about their business of conning you.

Regulation S

Why is it that the US government has seen fit that these stocks are too awful for their own citizens, and do not allow them to buy them, yet the rest of the world is subject to their evil?

Something is wrong here.

Jody Consulting (pty) Ltd

Another possible scam has been unearthed.

Please follow this link for more details.

Jody Consulting (pty) Ltd.

It sounds to me that they might be operating a second wave scam where on 'opportunity' is given for a previous victim and owner of worthless stock to sell on their stock for a premium, in return for an up front 'finders fee'.

Buyer beware!

Benson and Raymond

Another suspicious Company has come to my attention.

They are calling victims of previous attacks from boiler rooms. People who have lost money on worthless shares.

They then offer to buy back the shares, using some very plausible line of patter, at a good profit for you.

The one small drawback is that they you have to pay a fee up front.

You pay, you never hear from them again.

Here are some links for you to check.

Benson and Raymond

Crimes of Persuasion

DMS In Zurich

DMS are cold calling potential investors in the UK. They claim to be in Zurich, but their operative refused to give a surname, or telephone number.

They say that they are a call centre.

One of the firms that they claim to represent appears to be very suspicious. For more information, follow the links below:-

Boiler Room Nemesis

Crimes of Persuasion

Beware!

Milton Dewar Asset Management

Milton Dewar Asset Management

Their website was established only a few days before they were known to be touting for business, and the text from their site appears to have been copied from a reputable Company.

Buyer beware!

For more information, visit Crimes Of Persuasion or BoilerRooms.Co.UK.

Please do thorough due diligence and tread very carefully when dealing with this firm.