A few years ago, I was working for a large investment bank in London, and we started to notice that some of our clients were getting their orders from an entity that wasn’t listed in the British Stock Exchange.
I was skeptical.
I thought, “Oh, this is just another fraud scheme.
It’s just another fake stock broker.”
I tried to get the information on that entity from the company that they were using, and the information I got back was very incomplete and vague.
I contacted the company, but they didn’t know how to get in touch with me, and I couldn’t reach them.
I also tried to do some research on the companies that were using this entity, and they weren’t willing to do any of that research.
So I contacted a broker that I knew, and he called me up, and said, “This person has been using a different name and address for a while, and is trying to set up a stock brokerage.”
And I told him that I was going to get a copy of their application, and it would be a great help.
I told the broker that we had a client, and that I would call him back, and if he couldn’t answer the phone, I would try another one.
And then he called back and said that the company he was using had been removed from the stock exchanges and was now in hiding.
And I was told that they have no information about that entity.
So I started to search for it, and eventually found it in the records of the London Stock Exchange, which is a sort of an alternative market.
The broker had the same address as the one that the person was using, but the person’s address wasn’t the same.
The records showed that it was a person that had been in the UK for years.
So he said that they had been using him for years and had no idea that this was a scam.
So that’s when I started researching.
I searched the Internet for the person who had used the name and the company.
I called him up, I asked him about this, and this time I got the same answer.
“Oh yes, you know, we do this for our clients.
We have no idea where this entity is, and you should contact the British Financial Services Authority.”
So I contacted them and they told me that they would contact him and they would take his account, and once he was in contact with them, he would be able to contact me and we could talk.
So then, I contacted this person again, and again he said, this isn’t a scam, it’s a good idea.
And again he didn’t have any information about it, so I called them again and again they couldn’t help me.
So finally, after four months, I got a call from the British FCA, and in that call I got this: “We have contacted this individual, and found that he is in hiding and has been acting as a broker for a few years.”
And it said that his account had been taken, but there was no further information.
I asked, “What did you find?”
And they said that I should contact a third party, which was the London police, because there was nothing about him being in the police register of suspicious activity.
So in the course of my investigation, I went to the police, and contacted them, and then they contacted the broker.
I said, okay, we’ll talk to you about this in the next few days.
And it took them a little while to get back to me.
And that’s why I contacted him and said this is a really important thing to get out to people.
I need you to go back and tell them that this is real, and not some other fraud scheme, and tell everyone that you’ve been involved in a fraud scheme with him.
The police would have told me, “Well, it doesn’t matter.
You know, if we’re not involved, there’s no way you can contact us, and there’s nothing we can do about it.”
And then, a few weeks later, I received a phone call from an officer who said, the British police have had a lot of information about this person.
We would like to take it further in this matter.
I’m going to call up the person, and what I wanted to know was, “Do you have any further information?”
And he said no, and when I said “I need to speak to the person and have him speak to me,” he said he didn�t have anything.
And so I had to call back, so he was going back to England, to a police station in London.
And at that point, I thought that it’s over.
I’ve had nothing.
And he was very upset, because he said to me, I know you’ve done this before, and “but I’m not going to do this again.”
And so he said “Look, I’m sorry, I