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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Scottish American Investment Co. Plc | SCAM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 417.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 417.50 | 417.50 |
| Top Posts |
|---|
Posted at 19/8/2017 01:25 by grabster City of London Police arrested three men on 3 August suspected of operating a ‘boiler room’ wine investment scam.It is believed that investors, many of them elderly, have collectively lost more than £1 million in the scam, which the men were accused of running from a base on Fleet Street, central London. Police said that victims were cold called by salespeople offering them an opportunity to invest in fine wine and promising returns of between eight and 40%. If proven, it is the latest in a series of fine wine investment scams uncovered in the UK in recent years. Potential investors were told to buy extra wine, because buyers were already in place for them to sell on to, police said. It was not clear whether all three men arrested have been formally charged. A police spokesperson declined to comment further on the case when contacted by Decanter.com on 10 August. ‘Boiler room’ is a term used to describe an outbound call centre selling investments over the phone, usually employing dishonest techniques. ‘Boiler rooms continue to be a major threat to individuals in this country and statistics show that those who are over 60 are particularly vulnerable to this type of crime,’ said Andrew Thompson, City of London Police detective inspector. ‘Fraudsters will do everything they can to manipulate potential victims and convince them that they are making genuine investments.’ The investigation into the case was launched after Action Fraud, the national fraud and cyber reporting service, received complaints from the victims. So far, 39 victims have contacted Action Fraud. Their combined, estimated losses total over £1 million. The City of London Police said that it has been contacting victims of the bogus company. (www.decanter.com) |
Posted at 18/8/2017 22:59 by grabster There are scams galore offering fast money - whenever you spot those that are currently doing the rounds, detail them on this thread. Many of them are very plausible in their presentations, so it's easy to understand why innocent investors - and even a lot of experienced investors - get taken in by them, and fleeced.If you've ever been tempted to click a video presentation detailing one or other of these wondrous moneymaking schemes - the chances are you will thereafter be tagged to receive adverts popping up on sites that you regularly visit. If you allow them to have your email address, thinking that you can block that particular sender later - beware; they anticipate this and ensure that your address is stored so they can come at you from a different sender address when their primary one is blocked. Block that second one and you'll be approached via a third one, etc, etc. Many of the characters in the video presentations are not who they claim to be - many of them are paid actors. Some of the testimonials are recognizable as being the same ones used in some previous dodgy scheme. A few of the (faked) testimonials will be from people saying that they lost money in the first few weeks but have done very well since. This is designed to persuade you to stick with it when your opening balance dwindles, believing it will recover - by when it's too late and your money is gone. Many of the "approved brokers" that they list for you to choose who to put your trading account with (and with whom they are in cahoots), are unregulated offshore outfits - sometimes with names closely resembling legitimate ones. Their small print Terms & Conditions (which lots of excited investors fail to study before signing up) will often include punitive fees for simple actions - such as charging a big fee for processing cash withdrawals - or a huge exit fee if you want to close the account. Lots of these scammers tell you that their software is free - but only to the first twenty applicants each day - and might show a fake countdown of how many copies are still available - so that viewers feel rushed into signing up before the "limited opportunity" expires. (ALWAYS presume it's a scam if they hurry you in this way). Many that declare their software to always be totally free, are failing to make clear that to utilise it you have to deposit money with one of their named brokers in order to trade. The Financial Conduct Authority (FCA) publishes a Warning List of known scams |
Posted at 18/3/2016 16:23 by ebeing WARNING - Investors please be careful - do not fall prey to Scammers operating online right now to suck you dry of your hard-earned cash. To safeguard yourselves, ensure that any organisations you give money to are a) registered at companies house and b) regulated by FCA. Even with these 2 measures in place it is possible to be scammed. There are 20,000 cases of Online Fraud daily. Online Fraud is rapidly increasing with the advent of faster technology.As a side-note I was saddened to hear that today, 3 serving poilce officers have been arrested in Surrey Police for a £1,000,000 fraud. Its very worrying when even the Police are corrupt !! |
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