FRAUD WARNING: An international "boiler room" syndicate is targeting South Africans. Our client who was on our radio show does not want to hide his identity as he wants to warn others about this scam. Mr Toni Niemand was scammed out of over R500 000.00 from an Asian based "investment company" known as Atlantic International Partnership. Our investigations have revealed that this "boiler room" syndicate is also operating as Fairbain Capital. Companies linked to these "boiler rooms" are HR Cruse & Associates LLC, Cruse & Associates Accounting, Bradley & Associates, Tyler Properties, Global Alliance Limited, Global Alliance Holdings and Wild West Domains LLC. Some of the names used by the con-artists are Justin Blakeman, George Hamilton, Tom Stone, Peter Banks, Jonathan Knight, Mark Pennington, Peter Smith and Richard Chambers. It is suspected that these persons names used are fictitious but names linked to the registration of these companies overseas are - Shan Newport, Tom Ruscha, Ana Rieff and George Cullip. These boiler rooms are operating primarily out of Hong Kong. The latest "boiler room" that these fraudsters have set up targeting South Africans is a company calling itself SCFS Trading with the contact person being "Dan Cooper". Please be aware that this is a professional syndicate with websites, referrals, links etc. They offer to invest monies on various international stock exchanges as well as trading in Forex. IRS is currently liaising with Interpol, DPCI, the US Securities Exchange Commission, Hong Kong Securities & Exchange Board, the Financial Intelligence Centre and other related law enforcement agencies. #fraud #BoilerRooms #scams #InternationalSyndicates
Posted on: Thu, 19 Sep 2013 09:21:41 +0000