Indeed Michael Rosen, Richard Brooks, Patrick Morris and so many others are using these scam scheme. I lost a lot of money by not seeing these messages in time
Hi Brian ,
Sorry to trouble you but I may well have been caught by Michael Rosen and others.
I was asked to pay a margin as part of a transaction to buy stock in FCX ( Freeport). I have received copies of stock certificates, etc which seemed quite credible and had satisfied myself on many matters. However, they now want a tax deposit which makes me particularly suspicious.
What has been your experience and have you tried to track them down, or reported them to the US Authorities.
How can they continue to operate if fraudsters?
Welcome any information you can give me.
Thank you,
Confused.
Hi Confused
I similar thing happened to me, they exchanged my shares for blue chip shares and then claim they sold them. They then said in order to forward the funds to me I would have to pay them a Tax which can be recovered within 91 days.
This is making me ill as I have been dealing with them for about 5 months now.
i've been dealing with them for over 9 months now.
The procedure used is always the same: they offer FXC certificates in exchange for your bluechip stock. The proceedings are subject of tax payments which have to be done upfront (sometimes sett of against so-called "third party financing" they offer).
All transactions are guided via "off shore" taiwanese banks where accounts are often switched.
Paperwork and transactions are indeed looking very credible but there is no content behind.
FCX legal council has been informed and has confirmed the paperwork to be fraudulent. If you want to, I can provide you with the contacts of their legal council so you can address yourself to them directly.
Taiwanese banks have been involved and the files have been transfered to CIB (criminal investigation bureau) of Taiwan. Also here accounts and issued money transfers are classified as highly suspicious to fraudulent
Best you can do is to file your case with Finra and/or NYC prosecutor office