Do you know if "Regent Consolidated" is a legitimate organisation. I have been offered a sale price on some old shares I thought had been written off through a company failure. The offer was made by phone then followed up by way of an Email, with a sale contract attached.I have not been requesetd to forward any money, just sign the sale, and priovide bank details for the deposit. Thanks for your help, Russell
You are the first I have asked this of.
Russell,Hello and thank you for entrusting me to answer your question. My goal is to answer your question completely and thoroughly and to provide excellent service. This is quite certainly an advance fee stock purchase scam. Scams of this kind are quite common and are operated by scammers who get a hold of old shareholder lists, cold call the shareholders and ask to buy their worthless stock claiming it is now very valuable. The scammer then requires the victim to pay various transfer fees, banking fees, or processing fees before the transaction can go through, exactly as you have described. Of course, the scammer has no intent of ever purchasing the shares or sending any money, and this is just an attempt to get the victim's advanced payment.Regent Consolidated does not appear to be a legitimate company. The domain registry for this business's website indicates that their site has been operational for less than three months. Obviously, this is an INCREDIBLY short period of time for a company to be in business and indicative of a scam, since scammers frequently change business names to avoid detection. Furthermore, Regent implies they have been in business for years, as they state on their "About Us" page: "Over the years Regent Consolidated has been able to deliver a consistently high level of service..."The website is also registered through a domain proxy, which conceals the true identity of the website owner. While there are sometimes legitimate reasons for registering one's site through a proxy service, this is also the sign of a scam whose perpetrator does not want to be tracked down.They claim to have offices all over the world, but only list one office address. Furthermore, the address given appears to be a virtual office location, meaning that it's just an address used for receiving mail and shared by numerous other businesses. At best this means the people who run this business are working from home, but at worst it means that they may not even have any association with that address at all. More likely the latter in the given instances, since they don't exactly present themselves as a "small shop" business.Further still, I can find no record of a business by the name of Regent Consolidated registered in the state of New York.Finally, I can find no reviews or real information regarding this business and they are not accredited by the Better Business Bureau.So, in light of the fact that Regent Consolidated has apparently been operational for less than 3 months, have their site registered through a proxy, do not appear to have a physical address, and are not a registered business in the state of New York, I think you would be extremely wise to stay FAR, far away from this business, as their proposal fits the standard mold for an advance fee stock purchase scam.I sincerely XXXXX XXXXX this information helps you and I wish you the best.If you do not have any further concerns, I would be very grateful if you would give my answer a positive rating and click submit, as this is the only way I will receive credit for assisting you. If you have any additional concerns that you would like me to address, please feel free to let me know by hitting the REPLY or CONTINUE CONVERSATION button and I will be more than happy to continue assisting you.Finally, please bear in mind that none of the above constitutes legal advice nor is any attorney client relationship created between us.Thank you and very kindest regards.
Your answer confirms the same data as other answers on this site. You have not read my question correctly. They have not requested any funds to be paid in advance. They are offering purchase the shares and deduct a brokerage fee and forward the net funds on, this is quite different to an advnace fee scam.
But maybe still a scam all the same.
Thank you very much for your reply.I did read your question. No funds have been requested yet, but that is common in this scam. Funds will be requested once you have entered into the transaction and seemingly right before you are about to receive your money. These scammers will insist that payment is necessary to cover transfer fees, taxes, or something else. They are sophisticated enough to realize that immediately requesting fees will turn most people off, but if they can "set the hook," so to speak, people will be more inclined to send money if they believe it is the last step necessary to receive their own payment.This is 100%, positively a scam, and you would be extremely wise to avoid it at all costs.Again, I sincerely XXXXX XXXXX this information helps you and I wish you the best. If I have answered your question, I would be very grateful for a positive rating of my service so that I may receive credit for assisting you.
Attorney with significant fraud prevention experience.