Concerned About London McFee Investments and Equity Transfer Management? You Should Be!
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If you have been contacted by either of London McFee Investments or Equity Transfer Management and are wondering whether it’s too good to be true, or even a scam, well, read on. It may be that they were offering you a ‘deal’ to sell shares of stock such as General Components, or it may be that they were interested in a stock that you hold other than General Components. But in all cases, in the end, they tell you that you will need to put cash up front – usually called an “equity transfer charge” or “equity transfer fee” owing to U.S. or other stock regulations. Other players in this scam space include Asia Pacific Group and Falcon Group.

These outfits first came to our attention when our readers started telling us that they were concerned about the calls that they were getting from Equity Management, London McFee Investments, Asia Pacific Group, and others.


One reader explains that his father-in-law received a call from Tom O’Neill “of London McFee Investments” and that it all sounded very plausable except that they “wanted $7700.00 up front to pay U.S. tax.”

“I also received a call from ‘Tom O’Neill’ of ‘London McFee Investments’ asking if I wanted to dispose of my shareholding,” said another, adding that Mr. O’Neill sounded “very convincing.”

Yet another reader contacted by London McFee says that they were told that London McFee Investments wanted to help them sell shares of their Eldorado Exploration stock, and that London McFee says that they want “$11,000 up front to make $2 clear per share.” “Looks like a scam to me too,” adds the reader.

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And well it should. Often people who receive these calls are taken in because it doesn’t occur to them that the scammers got their names from lists of shareholders of these companies, which are, of course, a matter of public record.

The bottom line is that if you want to sell stock that you are holding, you should do it through a licensed, legitimate broker. And, if you get a call, email, or fax offering to buy stock from you, assume that it’s a scam.

As with so many things, if it sounds too good to be true, it probably is.

 

To read what our readers are saying about these and other stock scam calls, go here to read what others contacted by London McFee Investments, Equity Transfer Management, Asia Pacific Group, Falcon Group, and others are saying.

No Paywall Here!
The Internet Patrol is and always has been free. We don't hide our articles behind a paywall, or restrict the number of articles you can read in a month if you don't give us money. That said, it does cost us money to run the site, so if something you read here was helpful or useful, won't you consider donating something to help keep the Internet Patrol free?
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What info did you find here today?:

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