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Frauds and Scams (SCAM)     

axdpc - 20 Sep 2003 15:08

Reports of frauds, deceptions and scams keep appearing, weekly even daily, on
major news channels and newspapers. Some of these frauds seem just too big and remote to be of immediate, direct relevance to our daily lives. But, we will eventually pay for the consequences and damages, in taxes, costs of goods and services, regulations, copy-cats etc.

I hope we can collect, in one thread, frauds and scams, reported or heard. We must become more aware and more educated to guard against frauds and scams
which impact upon the health, well being, and wealth of ourselves and our families.

axdpc - 29 Jun 2004 18:35 - 74 of 631

"Gold coin scam wound up by the DTI"

...

Credit First Bullion Ltd of Upper Grosvenor St, London, ran a telesales operation and secured a number of sales for collectible gold coins. The coins were not sent to the customers, despite the company having sold them for 700% of their market value.

...

The DTI was alerted to Credit First Bullion Ltd's operation after dealing with a previous case involving its director, Andrew Laverty. Mr Laverty was involved in an art investment company, Chappell, Paige, Durant Ltd, which operated from the same address and was wound up on 19 November 2003 by the DTI, in the public interest.

...

"http://www.creditman.biz/uk/members/news-view.asp?newsviewID=3511&id=1&mylocation=News&chksrc=NNow4251

chadbukl - 29 Jun 2004 19:53 - 75 of 631

Chap I work with advertised his car for sale in Auto trader he was contacted by a Nigerian who offered to buy the car without haggling and to put a cheque in to his bank account for payment along with additional funds so it could be shipped to his wife abroad plus a little extra for the hassle. Good deal not, apparently the cheques have been fraudulently obtained elsewhere and you are liable to return them and will probably never see your car again

axdpc - 29 Jun 2004 21:29 - 76 of 631

chad, sorry to hear about it. Does this guy smiles and laughs a lot?

axdpc - 06 Jul 2004 10:22 - 77 of 631

"Broker Brewin in 30m 'fraud' claim"

http://www.thisislondon.co.uk/news/business/articles/timid80104?source=

mpw777 - 06 Jul 2004 10:56 - 78 of 631

it happens again and again that those up the line do not seek to question why enormous profits are arising from a particular source.

on a general basis may i say that honesty and integrity are,in truth, rare in the financial world.

why do those up the line not seek to question....to my mind each is as responsible as the party creating the wrong-doing. this is an aspect which the regulators hasve never addressed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

axdpc - 09 Jul 2004 09:45 - 79 of 631

"Allan Langley-Smith, who traded as Hadleys Estate Agents of Queens Road, Brighton, was found to have breached the Estate Agents Act by failing to disclose a personal interest to a client and failing to disclose a personal interest to a prospective buyer

...

The law states that an estate agent "must disclose to his client promptly and in writing that he, himself or any connected person has, or is seeking to acquire, a beneficial interest in the land or in the proceeds of sale of any interest in the land".
"

http://money.guardian.co.uk/property/movinghome/story/0,14438,1257570,00.html

Detection is the main problem. What's the legal definition of 'connected person'? Does it include friends and acquaintances?
IMHO, the law should be changed to say

"an estate agent must disclose to his client within 10 calendar days and in writing of all interests, known to the estate agent, in the purchase or proceeds
of sell of property/land."

emailpat - 15 Jul 2004 19:38 - 80 of 631

some chain letter doing the rounds-can't give all the detail as I deleted it,oops...-using e-mail you have to send 3 to the person on the top of a list of five through (I think)PayPal and forward the e-mail to 40 other people with
some 25000 reading the e-mails.

axdpc - 16 Jul 2004 14:04 - 81 of 631

"A clampdown on a new internet scam involving costly premium-rate lines was announced yesterday after it emerged that close to 60,000 people have complained of being ripped off since the start of this year..."

http://money.guardian.co.uk/scamsandfraud/story/0,13802,1262539,00.html

Why does it take 60,000 victims before action is taken?

Watchdog should act pro-actively.

axdpc - 20 Jul 2004 13:03 - 82 of 631

"Be smart, protect your ID.

... 130,000 identity theft cases will be reported by the end of 2004, compared to 101,000 in 2003.

...
"

http://www.moneyextra.com/news/009050.news.html

Could these be part of the preparation for us to accept biometric ID cards?

moonblue - 20 Jul 2004 17:06 - 83 of 631

CAIRO (AP)--U.N. weapons inspectors will return to Iraq in the coming days following an official invitation from the new government, the head of the U.N. nuclear watchdog said Tuesday.

Mohamed ElBaradei, director-general of the International Atomic Energy Agency, told reporters in Cairo that Iraqi Foreign Minister Hoshyar Zebari had formally asked his agency to return.

"The return of U.N. inspectors to Iraq is an urgent necessity; not to search for weapons of mass destruction but to write the final report about the nonexistence of (such) weapons...in Iraq, which will enable the lifting of sanctions," he said.

The inspectors will be sent in the next few days, ElBaradei said.

U.N. inspectors left Iraq just before the war began in March 2003, and the U.S. refused to allow them to return, instead deploying its own teams to search for weapons of mass destruction.

ElBaradei said the coalition forces are not mandated to prove or negate that Iraq had WMD.

"The sole mandated authority is the IAEA and the international inspectors will continue the mission they started before the invasion," he said, adding that its mandate does not end until the final report is submitted. Following that report, sanctions imposed on Iraq can be lifted.


(END) Dow Jones Newswires

July 20, 2004 12:02 ET (16:02 GMT)

axdpc - 25 Jul 2004 16:11 - 84 of 631

"Friends swindled out of 143,000
Public eye, Mail on Sunday
25 July 2004"

http://www.thisismoney.com/20040725/si80729.html

axdpc - 25 Jul 2004 16:17 - 85 of 631

"Alert over bogus banks
Tony Hetherington, Mail on Sunday
18 April 2004"

http://www.thisismoney.com/20040418/si77050.html

mpw777 - 25 Jul 2004 17:34 - 86 of 631

i get each week telephone calls from america inviting me to invest money. a friend of mine sent 150,000 which was invested in shares and lost.

SURELY THE GOVERNMENT COULD SET UP A SCAM LINE SO ALL THOSE INDIVIDUAL COMPLAINTS COULD BE BROUGHT TO-GETHER AND THE EXTENT OF THE SCAMS SEEN...WITH EARLY REMEDIAL ACTION!!!

axdpc - 25 Jul 2004 17:46 - 87 of 631

mpw777, you've got some rich friends !
Quite agree. We must help ourselves until it happens, if it happens at all.
Frankly I don't think the government has the motivation to do much about it
(eg. it is not an issue which loses votes).
This is why I created the thread.

axdpc - 31 Jul 2004 01:27 - 88 of 631

"Computer 'spy' that could clean you out

Police battling to stay ahead in the war against online crime have unearthed a new threat to credit card holders and internet bank users. Tony Levene reveals how 'keystroke logging' works

Saturday July 31, 2004
The Guardian "

http://money.guardian.co.uk/scamsandfraud/story/0,13802,1273007,00.html

axdpc - 21 Sep 2004 10:02 - 89 of 631

'City Slickers' face court
21 September 2004

THE former Daily Mirror share tipsters known as the City Slickers appeared in Southwark Crown Court yesterday.

Anil Bhoyrul and James Hipwell are alleged to have tipped shares that they owned from August 1999 to February 2000. Terry Shepherd, a private investor, also appeared in the dock.

http://www.thisislondon.co.uk/news/business/articles/timid82689?source=

emailpat - 03 Oct 2004 13:28 - 90 of 631

Is this some sort of scam or money laundering operation as they want to recruit
people as agents to process transactions?
http://www.plasmaproject.com/plasmajob.htm

Kayak - 03 Oct 2004 14:39 - 91 of 631

It does look a bit suspect. There are a few strange sentences littered about. A reputable firm would merely open an office with a bank account and a credit card machine. What they are possibly doing is asking for payment up front and then not delivering. The agent is stuck in the middle.

Spaceman - 03 Oct 2004 17:08 - 92 of 631

emailpat, they are spamming every one with this, that enough for me to ignore them even if they are genuine. I had a email from them today which was picked up by my antispam. I also notice they have been reported to the net abuse teams.

emailpat - 03 Oct 2004 17:34 - 93 of 631

Thanks guys,nice to know the BB alert team are on the case:-)
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