Scottish American Invest... Share Discussion Threads

[kirk 6] 11/12/2017 07:24

Looking like 17000

[temmujin] 11/12/2017 06:55

hackers can hack into your bitcoin account and you wont get a penny back...unlike normal accounts where the banks will reimburse you

[kreature] 11/12/2017 00:14

should be gold at 15,000, not the bitcoin scam. does anyone here seriously believe the 21m coin limit bs? linked to nothing and governed by no-one. Sell.

[temmujin] 10/12/2017 23:58

i expect gold and silver to go ballistic next few weeks

[diku] 10/12/2017 22:01

Bitcoin brings back memories of late 1999...and start of year 2000 you all know what happened..

[abeygale] 10/12/2017 21:57

Ever since 7 pound I was tempted to short bitcoin. Lucky the spread bet company's I use do not have that facility. Now bitcoin has become a 20 bagger in less than a year. What's shocking is some of the reseller channels on YouTube are always talking about wanting to put money into crypto. Considering it seems very very late and a waste of money when compared to company's like Challenger that offer massive potential.

[kirk 6] 10/12/2017 21:26

Speed keeps growing making it less trade able lost About 90k trying to short bitcoin

[temmujin] 10/12/2017 20:09

yep abeygale i agree..its a disaster waiting to happen...loads of people recently invested will lose the lot...gold/cash will always be king

[abeygale] 10/12/2017 20:01

Still no comments.

[abeygale] 09/12/2017 22:20

Bitcoin should of never been created in the first place. Any virtual currency is just encouraging fraud, money laundering and terra. The sooner crypto is destroyed or made illegal the better. Those stupid enough to be buying it deserve to loose their cash.

[grabster] 19/8/2017 01:25

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)

[grabster] 19/8/2017 00:24

These are just 20 of the 3911 sharedealing scammers listed by the FCA on their website (link in header):

Router Bank / Routar Bank
Higa and Partners
Essential Loans (clone of a previously authorised firm)
Eich Invest t/a Capital Courtage (clone of authorised firm)
Kleinwort Benson (Ventures) (clone of authorised firm)
Money Solutions UK (clone)
Paramount Law Boston
The Britain Loan / Britain Loans / Britt Loans
Westmount Associates
Clarion Global Group
Polen Capital Investment Funds / PCIF (clone)
Tilney Fund Managers (clone of authorised firm)
Quick Quid / Loan Point (clone of authorised firm)
Admiral Markets Ltd (clone of FCA authorised firm)
Team Four Digital Services Limited / Team4Digital
Debt Advice Trust (clone of authorised firm)
247 Money Express and The Money Source (clone of authorised firm)
Miton Asset Management, trading as Miton Commodities (clone of FCA authorised firm)
Merit Loans (clone of FCA authorised firm)
London Finance and Investment Corporation (clone of UK incorporated firm)

(to see the full list, click 'shares' on the FCA scams site - but then do the next click without naming a particular firm in the searchbox)

[grabster] 18/8/2017 23:58

the 'Bitcoin Code' software by Steve McKay is also a scam, according to Binary Scam Alerts.

[grabster] 18/8/2017 23:12

This scam alerts website has lots of info on scams currently doing the rounds:

[grabster] 18/8/2017 23:04

Example: This 'Quantum Code' scam disappeared for a while after some bad publicity, but has reappeared this month via adverts in some respected finance journals and magazines

[grabster] 18/8/2017 22:59

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

[uapatel] 22/2/2017 17:46

Recently bought some of these to add diversification, from my HFEL, AAIF, CTY MRCH & BRCI investment trust. I will be looking to drip feed more over the year as I like the progressive dividend policy. Didn't think it would be up so quickly. Not complaining, but will pause on buying a few more till new tax year.

[petewy] 22/2/2017 17:35

Today, all time high. 60,000 shares bought none sold. good divi.
What could possibly go wrong?

[pherrom] 27/9/2016 17:42

All time high and at a small premium.

[ebeing] 18/3/2016 16:23

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 !!

[8w] 01/10/2015 11:32

I sold out as well for the same reasons..... also cost of debt seemed high. I reinvested in IUKD, a different animal but a good home for the moment? I will keep an eye on this and expect to come back in on a discount.

[asmodeus] 14/9/2015 20:29

So which one with yield and discount did you choose, gopher?

[gopher] 14/9/2015 19:01

sold out - the discount has disappeared and performance has remained lucklustre so no loss. Will move on to another IT offering yield and discount