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Re: TURNER MATHESON AND NEW WORLD Thu, 23 March 2006 19:07 Go to previous messageGo to previous message
Topguyza is currently offline  Topguyza
Messages: 1
Registered: March 2006
Location: Pretoria, South Africa
Junior Member
Exactly the same happened to me but I don't have such a lot of money involved. The latest thing is that I was approached by Nakamoto International Group in Japan to purchase my shares at a price of $19.25 per share and they claim that a forwar 4way split was done giving me 4000 shares in Adromedia. Totoal value now is $77000 but these shares are restricted and I need to have the rstriction liftes at a cost of $0.85 per share. Doing some research I founf the following on the web:

Subject: Nakamoto international group Wakamatsu Bldg. 3-3-6 Nibonbashi Hon-cho Tokyo 103-
Category: Business and Money
Asked by: jmarkj-ga
List Price: $50.00 Posted: 08 Feb 2006 07:01 PST
Expires: 10 Mar 2006 07:01 PST
Question ID: 443089


are these people for real. They want $2100 up front to release
restriction fee in Animal Inc.15849 N 71st Street Scottsdale AZ 85254
so that they can buy my 600 shares for $85,500.00 .... I bought 500
shares through a breakthrough Inc. CA91361 two years ago in Animal
Inc. Nakamoto have come at me by phone asking me to pay $2100 to them
to releace the shares so that a US buyer can use them as a tax loss ?


Request for Question Clarification by scriptor-ga on 08 Feb 2006 09:17 PST
Dear jmarkj,

After doing some research, I have reason to suspect a scam. Have they
provided you additional information, like a website address, e-mail,
telephone number or anything else?

Scriptor

Answer Subject: Re: Nakamoto international group Wakamatsu Bldg. 3-3-6 Nibonbashi Hon-cho Tokyo 103- Answered By: scriptor-ga on 08 Feb 2006 11:07 PST Dear jmarkj,

I have done more research, and even without additional details about
who the callers claimed to be, I can say for sure that they are
fraudsters.

What they are trying to do is one of the many variations of "Advance
Fee Scams". This particular variant is rather common; it is also known
as the "Cold Call" scam method. The basic principle of those scams is
always the same: A share owner gets a call out of the blue - a
so-called "cold call" - by an alleged company and is asked to sell his
shares at a tempting price. Then, the caller claims that a refundable
advance fee must be paid by the seller to remove the "restrictions"
from the shares. This advance fee is known under various names,
"restriction fee" being only one of them.

Such offers are always scams. In the United States, there are no
restrictions on selling private stock, and therefore there are no
"restriction fees" that need to be paid in advance. Once a such fee is
paid, the money is lost for the scammed stock owner; and of course, no
one will buy the shares. Interest in those shares is only simulated to
make the stockowner pay the advance fee. This kind of scam exists in
numerous variants.

Please note what the U.S. Securities and Exchange Commission says
about such frauds:
"Advance Payment Requests — Regardless of how the fraudsters pitch
their offers to “help”, there’s always a catch. Before they will
complete the deal, they first will ask for an upfront “security
deposit” or “margin payment” — or claim that you must post an
“insurance” or “performance bond.” The minute you pay the advance fee,
the fraudsters nearly always disappear — leaving you with new losses.
If you seem willing to make further payments, the con artists may
instead keep asking for more — falsely claiming that the market price
of the security has changed or that the payments will cover additional
fees, taxes, bonds for the courier service, or other similar expenses.
Only when you finally run out of patience or money to chase your
losses do the fraudsters disappear for good."
http://www.sec.gov/investor/pubs/worthless.htm

You might also be interested in what the National Association of
Securities Dealers (NASD) writes about this and similar frauds:
http://www.nasd.com/web/idcplg?IdcService=SS_GET_P AGE&nodeId=1357

By the way, I also checked the Tokyo address. While Wakamatsu Building
indeed exists, it is managed by a company that provides "virtual
offices" (Scammers often use such virtual offices that are actually
nothing but mailboxes as so-called "boiler rooms"). It is not the
physical location of that company, and I doubt that "Nakamoto
Internarional Group" even exists, for the following reasons:

- There are absolutely no traces of this company anywhere on the Web,
which is already highly suspicious. There is a real Japanese company
of a similar name (Nakamoto International Accounting Firm), but they
are accountants, and they are located at a completely different
address.

- "Nakamoto International Group" is not listed anywhere in the List of
Licensed Financial Institutions maintained by the Japanese
Government's Financial Service Agency

Therefore, there can be no doubt that they tried to scam you. I advise
to not do any business with them.

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