Friday, 28 August 2015
Police warning on commodity fraud
Don't sell your alternative assets – wine, art etc.
– to cold callers!
Yesterday an Essex CID officer asked investdrinks to help to pass on the message above. This CID officer is involved in investigating multiple companies, who cold call investors offering to sell their assets at inflated prices. He described how the initial investigation into a company offering commodities including 'graphene!' for wine has seen those involved set up a myriad of dubious companies once the original company was complusorily wound up. "Like an octopus," the officer said.
The likelihood is that once the investor releases their asset to these cold callers for the promised sale they will never receive a penny nor see their assets again.
The Police message is that if you want to sell your alternative assets do it through an established, reputable company. Never, ever, use of company that has cold called you no matter how tempting their offers are.
Fortunately it has never been easier to do your due diligence on companies. Now made even easier with the trial launch of Companies House Company Information Beta Service.
The Beta service is much easier to use than the old Companies House search site and furthermore all the documents are free of charge.