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Boiler room bust by IFW Global - the leader in Philippines based boiler room room fraud busting(1)
PhuqU2HB
Posted: Saturday, December 1, 2018
Joined: 11/17/2017
Posts: 5


WHAT TO DO IF YOU HAVE BEEN A VICTIM OF A BOILER ROOM SCAM

The recent raid on the Wilmington Capital and Tsaifu Elysium Global "Boiler Room operations" being operated from 2414 Medical Plaza Building and Pacific Center Building #'s 25 & 33 San Miguel Ave Ortigas, in Manila by the PNP Regional Special Operations Unit (RSOU), The PNP Anti Cyber Crime Group (ACG), US Department of Homeland Security (HSI/ICE) IFW Global (Intelligence, Investigation, Recovery Specialists), the Securities and Exchange Commission (SEC) and other law enforcement agencies demonstrates clearly what happens to the employees and participants caught up when a police raid is conducted.

These Boiler Rooms were specifically targeting Australian and New Zealand Investors with various investment scams including the latest Timber Hill Group - which is a real company in Australia they cloned.

Victims may have been defrauded by these fraudsters using one of these false companies:-

  • Tsaifu Elysium Global Inc
  • Alpha Investment Management  Inc
  • Strahan McNeil Partner
  • Wilmington Capital Advisors
  • DPJ Taxation
  • DV Corporate Services Pte Ltd
  • Timber Hill Group

News extract (courtesy Philstar)

MANILA, Philippines — Eight foreigners and 24 Filipino women were arrested for allegedly operating a “boiler room” for a multi-million investment scam targeting Australians at their office in Pasig City yesterday morning.

Americans Robert Endrazak, Paul Carney and Matthew Lyon; Britons Nathan Sterling, Joseph Christophe and Shane Jenkins; Canadian Craig Walt and Ghanaian Michael Asante were arrested during raids on two offices along San Miguel Avenue in Ortigas at around 8:30 a.m.

At large is Briton Owen Sterling.

Police officers served search warrants issued by Judges Selma Palacio Alaras and Maximo de Leon of the Makati City Regional Trial Court Branches 63 and 143 for alleged violations of Republic Act 8799 or the Securities Regulation Code and RA 10175 or the Cybercrime Prevention Act of 2012.

Read more at:-

https://www.philstar.com/nation/2018/11/30/1872845/8-foreigners-24-filipinos-arrested-pasig-city-over-investment-scam#rE4S6cAs9HZIZRyq.99

The main suspect OWEN LLOYD STERLING remains at large.

https://www.philstar.com/nation/2018/11/30/1872845/8-foreigners-24-filipinos-arrested-pasig-city-over-investment-scam 

and this

https://news.abs-cbn.com/news/11/26/18/12-employees-of-unregistered-investment-company-arrested-in-entrapment 

https://www.rappler.com/nation/217919-foreigners-filipinos-arrested-pasig-online-invesmtment-scam-november-2018

On the TV

https://news.abs-cbn.com/news/11/29/18/9-banyaga-sa-umanoy-investment-scam-arestado-sa-pasig

https://www.youtube.com/watch?v=y6IT9g1Ka4M&feature=youtu.be 

YOUR BEST OPTION IF YOU THINK YOU HAVE BEEN DEFRAUDED BY A PHILIPPINES BASED BOILER ROOM:-

MAKE CONTACT WITH IFW GLOBAL

https://www.ifwglobal.com/ 

PROVIDE WHATEVER INFORMATION YOU HAVE AND CAN OBTAIN.


 

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.