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Private Trading Acquisitions IS A SCAM

Discussion in 'Non-Forex Scam Alerts' started by BuyerBeware, Mar 27, 2012.

  1. BuyerBeware

    BuyerBeware Private, 1st Class

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    This extract has been taken from BoilerRoomBuster

    It gets worse, this gang are just layering on the scams - not satisfied with fooling you into parting with your hard-earned cash the first time, they're calling people up under the guise of a company called "Private Trading Acquisitions (private-trading.com) and trying to persuade people to pay them a fee to sell their shares. Sounds crazy doesn't it? Well, here's how it works:

    Imagine, if you will, that I'd bought some worthless shares a couple of years ago and I'd been hanging on to them, hoping to make a profit. Then I get contacted by "Private Trading Acquisitions", offering to buy my shares at a pretty low price. Then I get a follow up call from someone from PTA, telling me that unfortunately the company I invested in has been badly mis-managed, so my shares aren't worth much anymore...however, as Luck would have it!, they have a buyer lined up who has realised that the company still has some valuable "intangible assets" and is willing to give me a "generous" price (really!?!, how fortuitous!). If I come on board and sell my shares, I can rescue my investment (hoorah!) and make a profit (result!!). But there's a catch (oh): the company has debts, and liens and restrictions on its shares, so I'd have to pay a fee in order to sell them (I see).

    The salesman reassures me that I'd get my money back within 30 days, but I'm worried - there are some complaints about scams like this and even complaints about PTA - trade2win.com. However, he reassures me that the buyer has to take out an insurance indemnity to guarantee that the sale will go ahead, so of course I'll get the money I'm owed (honest!). He even has the cheek to tell me that Private Trading Acquisitions doesn't need to be registered with the FSA or the SEC because it's not a financial institution! (that's alright then!). The salesman warns me that his buyer only needs a few more shares to get a controlling stake in the company, so I'll need to make my mind up quickly...he's piling on the pressure now, and this could be the only chance to make a profit! (better hurry then!).

    Some on-line research revealed this website - private-trading.com. Frankly, it's not up to the gang's usual standard (the 3 photos at the bottom even have the "preview" watermark left on them from wherever it is they got the stock photos from!) but it's worth a look, even if you just want to have a laugh at the 1980's appearance...Gordon Gekko would be proud of these guys! I was interested to note that this website is also hosted in the Netherlands, although by a different host than the one I mentioned on Friday - although all of the websites, including this one, are using anonymous hosting (I first mentioned this in my posting from 20 January).

    This whole scam is sickening - it's so typical of these cold-hearted bastards that they don't stop at ripping someone off once, they have to com back again and take more money!! Awareness is the best weapon you have against these guys - there are already complaints about Private Trading Acquisitions out there, and if you do get called by them - first of all DON'T GIVE THEM ANY MONEY!! And then please, post a complaint, add your story to this blog or contact a financial regulator (or, in fact, all three!) - the more people that know about the scam, the fewer victims there'll be.
     
  2. BuyerBeware

    BuyerBeware Private, 1st Class

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    Worked for Robinson Franklin back in early February. Was recruited from over seas by their scam recruitment company shawsalesrecruitment.com. After three phone interviews I was brought out to Jakarta. As soon as I landed in the airport I immediately knew something was wrong, as I was brought through the airport without any checks or anything and when my visa was being sorted out, the guy doing it handed the official american dollars, and subsequently on the way back a week later, a customs official met me at the entrance to the airport and again brought me through completely unchecked.

    Anyway as soon as I arrived at the office and encountered to low lifes working there I was convinced it was a scam and its slowly revelled - if you were stupid enough not to get it - over a number of days. They had lots of guys their from all over the world. I understand another guy outed the company and his life had been put in danger. This is international organised crime involving the collusion of public service officials. I have a list of numbers and the address of the office I worked in and that I can give you on the insurance that my identity will be kept secret as I do not want my life or my families life put in danger. I don't know how relevant the numbers are now but I'll give them to you anyway.

    First is Karl office manager - 0815 7453 3333
    Dion - the guy you ring when you get in trouble, apparently an X police chief of the city of Jakarta - 0816 105 269

    Address Citibank Slipi
    Wisma 77
    Jl. Letjend S.Parman Kav.77 Slipi
    Jakarta Barat 11410

    Their is a secret door to enter the office in the city bank building. I understand they move a lot but maybe there is a trail or trace if they are not there any longer. Everything about this company is a scam from the names of people on the phone to their recruitment companies. Most people realise and leave straight away but those who stay are criminals and know exactly what they are doing. Happy Hunting. Please don't use anything that may reveal my identity including my user name. They are very organised and look after their 'employees' really well, paying a recruit 200 dollars a week for two months and your rent in nice accommodation for two months, they even supply pay slips. As i said if you stay longer than a week - time to book flight out of their - your complicit and haven't a leg to stand on
     

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