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Author Topic: Con Artists and Scams  (Read 4307 times)
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gallopers
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Original Post 2009-Feb-11, 11:19 AM

$4 Million pledged to fake website
Aka:

Location:
Vic Australia



An April Fools day joke set up by the Australian Securities and Investments Commission showed how easily people are conned into investing large sums of money in ventures they know very little about or before they do any investigation.

On April 1, 1999 ASIC set up a fake Internet investment site, www.smbi.com.au. The site assured people would triple their money in 15 months if they invested in Millennium Bug Insurance (MBI). The site claimed MBI was offering blue chip companies insurance against losses from the Year 2000 Millennium Bug.

In just one month more than 10,000 people visited the fake site with more than two hundred of them committing themselves to $10,000 and $50,000 investment packages. A further 1212 people asked for more information about the investment. In total, the site persuaded 233 people to part with more than $4 million.

"This shows how willing people are to part with large sums money without finding out anything about the company they are giving their money to," says Alan Cameron, ASIC Chairman.

"We chose the Internet as this year`s April Fool`s Day investment scam because some people, who might normally question the validity of an investment offer, seem to think that offers on the Internet come with some authority.

"They don`t! Taking advice over the Internet is the same as taking advice from someone on a street corner. Handing over $50,000 on the Internet is the same as handing over $50,000 to someone on the street.

"The first and best protection against fraud remains people being sceptical about offers which look too good to be true. They usually are. ASIC is quite unapologetic about using these unusual means to highlight that simple truth."

Mr Cameron said there are precautions the 233 people could have taken before so readily handing out the money. A visit to the ASIC website (www.asic.gov.au) would have revealed there was no company called MBI and no prospectus lodged for this investment scheme. They would have also found how to choose a financial adviser to help them decide if they should hand over money to MBI.

"While the Internet has been around for some time, regulators have moved up a gear to monitor the growing number of investment offers being made to the public," says Mr Cameron. "People who make offers which aren`t genuine, or which breach the Law, need to know they are not the only ones who have the technology - ASIC is watching them."

The people who offered their money for the scheme received an e-mail from ASIC telling them it was an April Fool`s Day joke and giving them advice on how to protect themselves.

This is another example of the old adage - If an offer seems too good to be true, the chances are it is!

If you have any information on this matter, please email us at scams@crimenet.com.au.
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Walter Watermelon
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2011-Feb-27, 06:24 PM

I got one today on my phone. First time ever via the mobile.

Congratulations your mobile have won US$9.8M for World Bank Award. To claim contact Mrs Hahn Doyle via email wbaw1@tyahoo.com.hk
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Rumpelstiltskin
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2011-Nov-14, 09:35 AM

From Miss Nancy Attah
Abidjan Cote d'Ivoire .



                        (CONFIDENTIAL MESSAGE)
Dear

Good thing to write you. I have a proposal for you. This however is not mandatory nor will I in any manner compel you to honour against your will.

 I am Miss Nancy Attah, the only daughter of my late parents Mr and Mrs Attah. My father was a highly reputable business magnet-(a Cocoa Merchant, Diamond and Gold Dealer) who operated in the capital of Ivory Coast during his days. It is sad to say that he passed away mysteriously in France during one of his business trips abroad on 2nd March 2010.Though his sudden death was linked or rather suspected to have been masterminded by an uncle of his who travelled with him at that time. But God knows the truth! My mother died when I was just 4 years old, and since then my father took me so special.

Before his death on 2nd March 2010 he called the secretary who accompanied him to the hospital and told him that he has the sum of Seventeen  Million, Five Hundred Thousand United State Dollars.(USD$17.500) deposited in  SECURITY COMPANY in Abidjan Cote d'Ivoire.

He further told him that he deposited the Consignment in my name as the next of kin and he registered the Consignment as Family Valuables and finally issued a written instruction to his lawyer whom he said is in possession to handle all the necessary legal documents of the Consignment which he deposited in the SECURITY COMPANY and he instructed the lawyer to handover the documents to me whenever I need it.

I am a university undergraduate and really don't know what to do.
Now I want a foreign partner who assists me to retrieve this consignment from the SECURITY COMPANY in Abidjan Cote d棚voire .

This is because I have suffered a lot of set backs as a result of incessant political crisis here in Ivory coast. The death of my father actually brought sorrow to my life. I am in a sincere desire of your humble assistance in this regards.

Your suggestions and ideas will be highly regarded.

Now permit me to ask these few questions:-

1.Can you kindly tell me what the type of a profitable venture this fund will used to invest avoid waste of it.
 2). Can you honestly help me as your daughter?
3). Can I completely trust you?
4). What percentage of the total amount in question will be good for you after you have collected this consignment on my behalf?

Thanks and remain blessed,

waiting to hear from you,

Yours Sincerely,

Miss Nancy Attah.


my fav bit 3). Can I completely trust you?   what
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Skybeau
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2011-Nov-14, 11:26 AM

My father was a highly reputable business magnet

That's my fave line.
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Rumpelstiltskin
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2011-Nov-14, 12:33 PM

My father was a highly reputable business magnet

That's my fave line.


he attracted business  lol


Cocoa Merchant, Diamond and Gold Dealer, diamonds gold and hot chocolates  beer
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arthur
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2011-Nov-14, 02:02 PM

Chick-magnate chin
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Gintara
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2011-Nov-14, 03:41 PM

4). What percentage of the total amount in question will be good for you after you have collected this consignment on my behalf?



I'd write back - all of it  chin
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usernametaken
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2011-Nov-14, 04:12 PM

For the life of me I cannot see how anybody could be taken by these clowns.
But, I suppose there is one born every minute, as they say.
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Gintara
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2011-Nov-14, 04:33 PM

One of the current affairs shows carried some extraordinary figure that Aussies get conned out of each month, it was in the millions  wacko
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usernametaken
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2011-Nov-14, 08:42 PM

If that is true Gin, and I have no reason to doubt you, it seems that all the money in the world does not buy you common sense.  biggrin
Greed, greed and more greed.
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Jeunes
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2011-Nov-14, 11:34 PM

Here is another story doing the rounds in the dailytele. Not sure if it is an alleged scam or not.

Inquiry into school formal flop with website yourformal.com
by: Geoff Chambers and Lisa Davies From: The Daily Telegraph November 14, 2011

SYDNEY entrepreneur Sameer Kapoor - aka Sam Kapour or 'DJ Sammy Em' - has cancelled up to 20 formal parties after Fair Trading launched an emergency inquiry looking into alleged claims that his company “rorted” hundreds of high school leavers.

Mr Kapoor runs several party websites promoting services, including organising formals and after-parties.

A statement published on his website yourafterparty.com said all after-parties had been `cancelled due to malicious and damaging gossip on Facebook'.

Fair Trading investigators attended the home he shares with his sister Amirita Kerr in the Blue Mountains this afternoon.

``We have received racist and threatening phone calls to our staff, baseless threats of police and legal action, and unwelcome and unhelpful media harassment,'' the statement said.

``The company is concerned about and has a moral duty to be aware of and consider student safety.



“Furthermore, there is uncertainty about the viability of the booked venues in such a hostile and volatile environment, yourafterparty.com is regrettably forced to cancel ALL after parties.''

The company has promised to provide full refunds if students log-in to the website with their username and password.

In 2009, Mr Kapoor's company was investigated by Fair Trading but he has vehemently denied any wrongdoing for last-minute cancellations of after-parties.

Earlier today, Fair Trading Minister Anthony Roberts revealed that Mr Kapoor's company run several website domains offering similar services.

A spokesman said there had been at least 10 complaints made to Fair Trading today.

Up to 20 high schools - both private and public - across Sydney are believed to have been exposed to the cancellations.

Students at Mosman High School reportedly lost more than $18,5000 after organising a party at Sydney's Rydges World Square hotel through yourformal.com.

Presbyterian Ladies College Croydon students also allegedly paid $300 each for a ticket to attend their formal. Only four days before the formal, they received a text saying it had been cancelled.

They claim they were told to apply for a refund on-line but there was nothing on the website that refers to cancellations.

Mr Kapoor could not be contacted by The Daily Telegraph for comment.

The website yourformal.com yesterday appeared to operate as normal but its contact number went to a generic voicemail and emails to "enquiries" were returned "undeliverable".

Students across Sydney have been left reeling from losing hundreds of dollars each.

With up to 12 private schools understood to have used the company's services, as well as a similar number of public schools across Sydney's south and Sutherland Shire, the government yesterday moved in.

Fair Trading Minister Anthony Roberts said an urgent inquiry into yourformal.com and associated entities was under way.

"It is important organisers of school formals who used yourformal.com and have been left out of pocket contact Fair Trading," Mr Roberts said. "Those concerned about future bookings made through yourformal.com are also advised to contact Fair Trading."

But it wasn't just the lost funds leaving a hole in families across NSW.

Several families raised the matter in emails sent to Jason Morrison at 2UE.

"My daughter's Year 12 formal will not be the wonderful memory that so many people reflect on during their life," Stephen Zegarac said.

His daughter Danica's school Presbyterian Ladies College Croydon is among the worst affected.

They had booked their formal back in May, each girl paying $300.

But four days before their special night, the girls received a text saying the formal was cancelled and to go to the website to arrange a full refund.

There is nothing on the website that refers to refunds or cancellations.

Not only was his daughter out of pocket $300, she had also forked out hundreds more on a dress, shoes and all the trimmings.

"You can imagine that this is multiplied dozens of times over when you consider that it effects the entire class," he said.

Danebank School, Hurstville, Year 12 captain Nicole Moir said about 90 of her classmates had paid $40 each to yourafterparty.com for a post-formal event, the funds to cover a venue, a DJ and security. "I don't think they booked anything at all," she said.

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usernametaken
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2011-Nov-15, 05:35 AM

Looks like a scam.
Sounds like a scam.
Yep, definitely a scam.
Ten strokes with a rattan cane would soon sort out these type of shysters.
Tell me I'm wrong Peter!  lol
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