Beware of Scam from Taiwan - Part 2

Today I received the follow up call from the scammer. They are talking about money as per continue from Beware of Scam from Taiwan - Part 1. After talking about the high return share investment, Michael pass me to his accounting Manager - Richard Davis, to help me on creating trading account with them.

During our 20 minutes conversation, Richard keep telling me once I commit into this transaction, they will proceed to hold the share in stock market. Come on, he think I never play share before. Where can hold share one? Luckily, I got some knowledge on share investment in local market. Check out my recent investment history.

I lazy to entertain them and asked them to drop me some email on registering the account. Here is the con-man’s email :

Dear Mr. xxxx,
As discussed with your Senior Portfolio Manager Mr. Michael Taylor, your order has been entered and accepted for the purchase of 100 Devon Energy Corp. shares at a price of $77.53 per share for a total of $7,830.53.

Please be advised that the trade confirmation allocating the share
purchase and all the relevant account opening documents as well as the necessary payment instructions have been duly attached. The documents included are the: Trade Confirmation, New Account Application, Client Relationship Account Agreement, W8 Tax Exemption Form and Payment Instructions.

Information regarding our company Scott Fitzgerald Group Ltd. can be found in our corporate website www.scottfitzgeraldgroup.com
I trust all the above will meet with your requirements and I will call you
shortly to help you with all the paperwork. In the meantime please sign and date the trade confirmation and send it back to me by either fax or email so we can start the process of establishing your account.

Best Regards,
Richard Davis
Senior Allocations & Compliance Officer
Tel: +886 2 8758 2824
Fax: +886 2 6602 1072
Email: Richard_davis@scottfitzgeraldgroup.com

Conclusion

I really respect this scammer on their attitude - Never Give Up. Even I mentioned only have 200USD monthly income, but they still keep asking me to invest 35 times of my paid. They always think we are stupid. Anyway, I added this scam company into our scam list. Please beware of this scammer and pass it on to your friends and family.

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35 Comments »

Comment by Sany Subscribed to comments via email
2007-07-25 21:19:37

Hi,

steve_kennor@scottfitzgeraldgroup.com is one more with same story…

beware of the scam !!!!

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Comment by VISITOR Subscribed to comments via email
2007-08-29 09:12:18

I can add to the above names Raymond Chow, Mark Press, Jim Page and David Baroni…

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Comment by varghese Subscribed to comments via email
2007-08-18 23:29:16

Ooh! man If only i was able to read your message about an year back. These con guys took my money. I am helpless, I dont know what to do.They were operating from Malaysia when they had approached me. They work with lot of names.

Any help???

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Comment by AsiaPartTime Subscribed to comments via email
2007-08-19 00:52:23

No help for you now. How much you got cheated? Mind to share your experience?

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Comment by Jesper Hammer Subscribed to comments via email
2007-08-24 06:13:50

Dears

I have been in contact with Scott Fitzgerald Group Limited and I do see quite a few similarities..

However I cannot learn from your comments whether the “approach” from the company is what the people don’t like or whether they actually really have
been tricked by the SFG Group and how. > Meaning have these guys been loosing money and how? Based on their recommendation and/or because they could not get their money back to own account as SFG Group constantly used various new arguments why the private person could not the money back to your own private account.

I am looking forward hearing from you ASAP as I might be close to make another trade with them.

I appreciate your reply

Thanks

Jesper Hammer

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Comment by visitor Subscribed to comments via email
2007-08-29 08:50:40

DO NOT DO ANY TRADES!!!!! IF YOU DID NOT YET STARTED, DO NOT. IF YOU HAVE MONEY OR SHARES WITH THEM TRY YOUR BEST TO GET BACK WHATEVER YOU CAN GET. NO MORE INFOR FOR NOW, BUT I’LL KEEP YOU UPDATED HERE.

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Comment by Jesper Hammer Subscribed to comments via email
2007-08-24 07:23:15

Hi Vraghese,

How and in what way did they “take” your money? - asking you for larger investment and you couldn’t get the funds together? Stock price droped? You couldn’t get your money back? or something else????

How long time have you being working with these guys?

Thanks for relying ASAP

Best

Jesper

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Comment by Michael G. Beijing Subscribed to comments via email
2007-08-30 15:07:51

I got a call from “Mark Cole” from Scott Fitzgerald, same scam, same company.

Inciting to trade on inside (or more likely fabricated) data on Devon Energy.

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Comment by AsiaPartTime Subscribed to comments via email
2007-08-30 22:41:06

They keep using different name to con ppl. Once I hear their voice, I already know the china guy is reading from the script because normal ppl’s English will not speak as fluent as him.

Why they keep using Devon Energy? Anybody know? May be it is a Oil and Gas company which is very hot in the market now. Then everybody interested on it.

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Comment by Maxwell Mood Subscribed to comments via email
2007-08-31 05:14:05

Varghese:
you might have a chance to get your money back - was it a substantial amount? Which shares you bought?

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Comment by VISITOR Subscribed to comments via email
2007-08-31 08:53:04

Maxwell Mood = SFG

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Comment by VISITOR Subscribed to comments via email
2007-08-31 08:57:06

IT SEEMS TO ME, THAT MAXWELL WOOD AND JESPER HAMMER ARE BOTH SFG FOLLOWING UP TO KEEP THEM INFORMED. WATCH OUT!!!

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Comment by Maxwell Mood Subscribed to comments via email
2007-09-02 04:29:31

guys, i’m not at all related to SFG. to the contrary, i’m more than happy to share information instead of gathering it. it is our interest to collect as many persons that are being scamed by SFG to join forces. by the way, my email id is maxwell.mood@yahoo.de (not .com), my mistake. if you wish to retrieve or share info, write, i can certainly prove that i’m not SFG, hope jesper isn’t either.

my comment to varghese is only related to receiving moneys back by joining in our law-suit against them for which however we require to gather further evidence from tricked investors.

If you, VISITOR, wish to contribute, write me your number , I’m happy to call you.

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Comment by Frank Fonell Subscribed to comments via email
2007-09-05 12:20:55

Guys, can you elaborate on what really happened?

I think the question of Jesper is justified since no one shared what happened to the money.
So has anyone not been able to get the money back, did they disappear?

Visitor: do you think it helps not to share information by accusing people that ask?

And, no, I’m not form SFG, but I gave them some money recently, so I’m quite scared having done a mistake

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Comment by Maxwell Mood Subscribed to comments via email
2007-09-05 23:41:47

Our experience with SFG is as follows:
1) They tell you they only invest in “blue chip” companies and suggest they have some “insider” knowledge about certain takeovers or whatever.
2) They call you with “exiting” news which are in fact a day old already and offer shares to previous day price that in fact they never bought for you but declare you an imaginary profit that doesn’t exist. Now you are confident that they are good and you anyhow think you have shares of a high reputable “blue chip” company so you give them more.
3) They do this 2 or 3 more times, before they offer you a “no brainer” deal of a worseless company which is either S-rated (restricted from trading at a certain stock market) or listed on pink-sheets (you can tell by the ending of the share code “pk”)

Factually the company and its shares have no value or a nominal value of USD 1 or so whilst the pink-sheets show higher values, however apart from SFG no one is trading these shares at the pink sheets. That is how they trick you. Once you ask them to sell your shares they come uo with NEVER ENDING excuses until you get upset, then they send you the share certificate and you officially own worseless shares that you cannot sell… That is the deal… However , this is illegal.

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Comment by AsiaPartTime Subscribed to comments via email
2007-09-05 23:47:07

Thanks Maxwell for explaining his experience with SFG. Let’s give him a hug for sharing with the community. :)

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Comment by VISITOR Subscribed to comments via email
2007-09-06 01:34:38

Dear Mr. Mood,
Sorry, if you felt abused by my comment, but it was due to the fact, that your e-mail was not existing and bouncing back. I prefer not to write anything here not to spoil the situation. You would understand why, when you would read my e-mail tomorrow.

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Comment by AsiaPartTime Subscribed to comments via email
2007-09-06 08:55:46

Hey Visitor, let’s share your experience with us. Our whole community would like to know about it.

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Comment by Jesper Hammer Subscribed to comments via email
2007-09-06 16:21:27

Hey all,

Sorry for not writing before, but I have just moved from Poland and back to Denmark with all the practicalities that follows.

I am not a part of the SFG team, I am one of the guys being “trapped” by the exact approach as Maxell write above.

I am at the point where I am awaiting my share certificate and in consequence I have still not yet realised the loss (eventhough I am preapring my mindset for it) - all this is the reason for me being rather silent.

My recommendation is “Stay Away” - hopefully I will change opinion later on.

JH

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Comment by KIANG GUAN Subscribed to comments via email
2007-09-25 15:26:53

NEW UPDATE INFORMATION..
NOW SCOTTFITZGERALDGROUP OFFER STOCK FROM DISNEY…

SAME TRICK BUT USING ANOTHER STOCK NAME I GUESS…
HAVE TO BECAREFUL

LAST YEAR THEY CALLED ME ABOUT THE DEVON ENERGY
THIS YEAR - EXACTLY 2 DAYS AGO AND JUST NOW
THEY OFFER INVESTMENT IN DISNEY

THEY CALLED YOU SEVERAL TIMES AND ALWAYS SAYING
FANTASTIC - GREAT - FANTASTIC - GREAT
AIYOO…I THINK THEY DO NOT HAVE OTHER WORDS INSTEAD OF THOSE WORDS UP THERE..HAHAHA..

SUGGESTION FOR THE SCAMMERS :
BETTER FIND REAL JOB
GET A LIFE DUDE….

HOPE NO ONE REALLY INVEST TO THEM ANYMORE

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Comment by samuele Subscribed to comments via email
2007-10-02 01:40:35

Hi varghese,
I would like to know more about your story…
I think I`m in the same situation…..
samuele

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Comment by Christian Subscribed to comments via email
2007-10-03 16:31:49

i just got cheated by them. they have transfered my money to their account.

anybody has the same experience, and want to drag them con-men down, please email me at

christian.ross22@yahoo.com

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Comment by Christian Subscribed to comments via email
2007-10-03 16:44:52

i got cheated…

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Comment by Jason Subscribed to comments via email
2007-10-18 15:09:42

They tried with me,but they picked the wrong guy,im a trader LoL,low life F+#$T* idiots.Same crap as every 1 else,Devon Energy.

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Comment by StupidStupid Subscribed to comments via email
2007-10-22 14:34:51

I’m in the middle of a battle with SFG. They’re claiming a huge stock position I did not explicitly turn down over the phone has already been bought and paid for, and can only be liquidated with “penalties” since there are “no cancellations on the US equity market.”
Clearly they intend to hit me with a penalty bigger than my current holdings (which I consider lost by now). Any advice on how to get them off my back?

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Comment by Peter Subscribed to comments via email
2007-10-23 20:27:34

Dear friends (in misery..)

This time I did not succumb…

Some days ago a fellow from SFG called.

How he got my name & tel.number, I don’t know, but can only guess and I will willingly share my suspicions with you all - even if it containes some, for me, unflattering caracteristics:

Years ago I was contacted by a friendly Swedish-speaking lady from a broker-firm in Marbella, Spain (I live in Sweden and happen to have a summerhouse in Marbella…) who wanted to sell some shares in a Spanish company, that sold advertising on a rent-a-car fleet. As there is a company like this in Sweden, and it works fairly well I believed in the idea and bought shares for about USD 4500.- (Not a large sum, but enough to buy a nice persian rug…) The shares then was “handed over” since the initial company went bankrupt (?) to another firm, and then to another company.

The scam was finally accomplished when they wanted to “sell” my shares that they said were “restricted” for a profit. I only had to send some money to lift the restriction. That was a sum of ca. USD 17000.- the I would get this sum, plus the profit to a bank account of mine. (Stupid isn’t it, in restrospect…)

But the people realising this scheme were very cunning; they build up a certain personal relationship with you, talking about weather, family etc. Then they act.
Do I have to say I never saw any money at all?

The interesting thing is that after this fraud numerous persons has contacted me, either to do something similar or to try to sell my (worthless)that I still own… some time ago I was haunted by a creaky-sounding elderly man, presenting himself as Dr. Hamilton, who incidentally had to hang up and call back “because he had a visit from Professor So-and-so, who came by to thank him for a splendid business deal” By then I had learnt my lesson:

Always go to a local broker, that you know or at least know EXISTS.

NEVER do business with some company that just phones you incognito, Probably it is a criminal scam.

This time with SFG I could tell them the truth: I had bought a flat for USD 550000:- and had to pay interest and have no reserves or funds. In spite of this they called back and asked if we could do a buy as “we said” last time we spoke…

Good luck, and follow my simple advises…

P.

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Comment by Peter Subscribed to comments via email
2007-10-24 20:49:10

Oh sorry,

Forgot to comment on StupidStupid’s note of 2007-10-22 14:34:51. This is what I would recommend:

First of all, don’t worry. As this is no legit. business, they won’t take you to court to have you pay… Remember they are very talented and highly skilled impostors who’s everyday job is to sound incredibly credible…and somehow plead or threaten you to hand them your money = their livelihood.

Second, if they harass you again, ask them to procure you with a copy of the explicit buying order, signed by you (in writing!).

An oral order they would only pursue if the firm is a serious business, telling you specifically that “..we will now ask you to accept the following etc.. and we will tape this for the record”
Sure enough the fellows might even have taped that you say “yes, I will buy so and so..” but say “I don’t care, so take me to court!”

Third, threaten them to go the police if they persist.
Most scams are not happy about the disturbance of any police force, not even if they have the local one in their pockets. (Costs, bribes) they prefer the easygoing, simple, criminal deals that function smoothly.

And: don’t worry!

Peter

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Comment by prasanna Subscribed to comments via email
2007-11-19 17:38:09

Hi,
My name is Prasanna I went through all reading about this company & saw your details. I got caught by them. Initially they wanted me to invest about 7$ K for Disney & later on another 30 $K for a company called Dow Jones (DJ) . Later on they wanted me to invest another 85$K for another company called BYBI which I refused. They sent me couple of trade confirmations which I refused to accept. Later on they informed me that my account is over due & fallen under restricted stocks therefore I wont be able to get my money out till 5 years. I wrote to them many time & to their E mail agrees in the web site but no answers. I was contacted by David Baroni & Mark Press both appeared to be Vice presidents in Taiwan.

Just to share my thoughts & I really want to take legal actions against them & appreciate if you could let me know the proceeding if any.

Regards,

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Comment by Paul Subscribed to comments via email
2007-12-30 02:18:23

Hi Prasana,

I get tricked same way thant you and is ready totake legal procedures against tem despite they seem really professionnal. Do you know what I should do?

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Comment by vincent vieugue Subscribed to comments via email
2007-11-29 22:22:16

Hi Guys,

well, I am one of the guys that got caught as well and for big money. If only I had search again in august on the web, I would have found your comments and stop the process.
Somebody was (Maxwell Mood) talking about a law suit, I am of course interested to participate as well. i’ll do anything to try to get some money back.
I was contacted by David Baroni & Mark Press as well.

I have other names availabl: Simon Roth, David King, Richard davis.

Just for you informtion, their phone has been disconnected and I have not been able to reach them for the past 3 weeks.They might be on the run already.

I can share my full story and it is not a nice one. I am ashame i have been so naive but i guess i am not the only.
I would like to get directly in contact with the people that are trying to catch those guys.

Vincent

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Comment by Singh Subscribed to comments via email
2007-11-30 13:57:14

I was caught by these guys as well. I am willing to help the lawsuit that ( maxell mood) is talking about.

i was first contacted by steve baxter, to buy dvn.
then i was forcefully put into a position by Mark Press( selling dvd and buying pink sheets of avitech) which was more than i could afford without my consent.

now according to them, my money is blocked for five years, and still if i don;t pay the balance of the avitech transfer i cannot touch my money.

anwyays…lets bring these guys down! I am ready to help because others who might be less fortunate than me should not go through losing large amounts of money through these scam artists.

maxell mood i e-mailed you but did not get a reply!

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Comment by vincent Subscribed to comments via email
2007-12-03 17:21:11

I would be surprised if there is nobody involved in this discussion from SFG. As mentioned by Peter, they are very talented and highly skilled impostors who’s everyday job is to sound incredibly credible…

I am extremely suspicious about few of the names involved above. (sorry but I have to become suspicious now after what Happened to me). Therefore I will not share more info for now.
I will take my own actions with the financial authority in the country I live. I believe I have enough info to do some tracking.

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Comment by paul Subscribed to comments via email
2007-12-29 00:08:41

I get tricked as well,

What is the procedure to follow if we want to track them? Go to the police of my own country?
Thanks for any help you could give me….

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Comment by Olaf Subscribed to comments via email
2008-02-25 18:21:37

If you invested, and lost your money - stop crying. Stock scams are happening all the time all over the world. You won’t get your money back, and you will just waste your time trying.

Just think of your experiences as an investment in an education you obviously didn’t get from university or high school. You are either born with it, or you pay for it.. and if you got scammed.. you just paid for some much needed education.

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Comment by Frank Fonell
2010-10-05 23:17:17

The party continues:

WYATT MERGERS AND ACQUISITIONS CHICAGO, offers help.

Check this: http://boards.thisismoney.co.uk/tim/threadnonInd.jsp?forum=98&thread=107406&message=541158

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