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  • Report:  #110681

Complaint Review: Boston Global Finance

Boston Global Finance Phony Offer to sell my existing 'CTH' shares Newton Massachusetts

  • Reported By:
    Melbourne Australia
  • Submitted:
    Wed, September 29, 2004
  • Updated:
    Wed, September 29, 2004
  • Boston Global Finance
    Paragon Towers, Suite 300, 233 Needham
    Newton, Massachusetts
    U.S.A.
  • Phone:
    617-8311650
  • Category:

Some years ago I had bought some legitimate Donald Trump (DJT)shares and these had decreasd in value.
I was then contacted by a company 'Gibson Peterson' in Bangkok who offered to take my 'DJT' shares and replace them with the equivalent original value with Creative Technologies Holdings Inc (CTH) shares.
Note: Both Gibson Peterson and CTH shares are noted in other reports on this site.

Just recently I was contacted by a Dave Baldwin from Boston Global Finance (BGF) claiming to have a buyer for the (CTH) stock at a premium price. I duly signed the transaction agreement and faxed back to BGF.
Dave Baldwin again contacted me to inform me these shares were issued under regulation 'S' and could not be sold in the US but for a fee I could have them registered and subsequently sold.
Since agreeing and sending the money to an Escrow account being 'United Resources Ltd Inc' to a bank in Panama City I have heard nothing.

Now being a bit suspicious I have contacted another tenant in the 'Paragon Towers' building in Newton to confirm that Boston Global Finance is not in fact a tenant there. They may use a secretarial service based there and the phone is merely an answer phone.

The amount of the sting was not massive but I have been got twice with the same stock. Buying the dodgy boiler room stock initially and attempting to sell them recently. I am sure this rip off is being replicated to many other holders of dubious stocks.

Neil
Melbourne
Australia

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