The perfect scam
Phone solicitation of a small parcel of GM shares at a good price. Acting as a representative of a marketing arm of GOLDMAN SACHS ASIA.
Follow up calls from a Dunn & Bradstreet (?) representative to discuss my interest in, and ability to, invest larger sums if the opportunities arose.
GM shares kept rising and about 4 weeks later I was advised that a parcel of 1000 GM shares was available at a very good price (U$ 27.50ea.); I accepted the offer and paid for the shares.
Subsequently, the shares rose to U$44.00 and I requested that they sell the shares and close the position.
Then followed a period of excuses and reasons why this special deal could not be finalized until March to coincide with a yet greater offer etc.
I told them that I wanted to close the present position before entering into another and so far, two months later, I have not been able to contact any of the people I have been dealing with.
There is no doubt that the business was set up as a deliberate scam and the likelihood of recovery is very slim. All addresses and contact numbers relate to virtual offices and encrypted phone numbers. I should have known a lot better.
I will answer any questions on this subject if required.
Albert Allertz