Did you receive a mail today from Tim McCarron or Richard Thompson or David Bennett from Fidelity Investments?
Or from a fund manager working for the Scottish Investment Trust, all of them requesting help to funnel out $4-5 Millions? Take a deep breath: all are popular scams trying to make victims out of whosoever they can.
These scam artists mimic names of actual serving/retired fund managers for investment companies like Fidelity Investments International, Bank of Scotland or Scottish Investment Trust. They send emails using these names, claiming to have a few millions that they secretly wish to funnel out. They seek your assistance in this.
Sometimes, they also explain how they came upon the money.
Every year, the fraudster would elaborate, investors to the fund he manages are entitled to 20% fixed return on their investment. Something known as Excess Maximum Return Capital Profit or EMRCP in investor parlance. This year he has bettered expectations and has achieved 21-22% as profit. Using his status as a Fund Manager, he has secretly siphoned off the extra 1-2% and now needs somebody to pose as an investor and withdraw the money as their EMRCP. Otherwise, he claims that the extra earnings would be claimed by the company and added silently to its coffers.
He now wonders whether you would be interested. He says that he has already taken care of all the documentation to certify you as a legitimate investor to the company. All you have to do would be to use your identity to claim this fund from the company. He would make available the above papers if you are interested. He also expresses his readiness to go 50:50 on the money with you.
Well, this is only another of those elaborate and well-chalked out Phishing scams.
Your bank account detail is what the fraudster is after. With it, they want to clean out your bank account and enjoy life at your expense! Any suggestions on how to give them a tight rebuff?
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- Global Pension Trust Insurance: An investment program under scrutiny
- Legisi Holdings: Another online investment dream goes bust!
- Alyn Waage: The man behind the Tri-West Investment Club Scam
- Fraudsters using name of chemical conglomerate in phishing scam
December 16th, 2008 at 6:06 pm
I received mail from fidelity investments asking me to be a secret shopper and enclosing a cheque for over $4000.
Here’s the funny thing: I was going to be a secret shopper at Money Gram and Western Union! And I was going to send a portion of the cheque they sent to various people listed in the letter after I deposited the “cheque” into my account.
It’s underwritten by a few corporations, for example Xog industries, which exists at the address they state, so that’s some thorough scamming going on, but I kind of doubt an oil company would want to know if Western Union has good customer service, call me crazy!
The letter was sent from Canada, but Fidelity Investments is based in New York, New York…on Wall Street no less, according to the letter head. So it seems that even our mail has been outsourced.
So careful with this one. It’s worded very well, only has a few grammatical errors in it, and seems logically sound (you deposit the money and withdraw it). But it’s a scam.