Hi,
has anyone received unsolicited calls to buy shares? This particular call was from https://lakefieldinternational.com/. Promising amazing returns. Has anyone actually gone ahead and bought shares or had similar calls?
Random Call to Buy Shares
Adz12 on 28/10/2022 - 13:50
Comments
Keep in mind the only investments that can legally be offered to non-sophisticated investors in Australia over the phone are racing horses.
Why we make an exception for these, I have no idea. So any other investment offer over the phone is already legally questionable.
And I wouldn't advise getting involved in horses either - if only because it might be a turn-off for future partners.
100% scam.
probably one those cases where its so blatantly a scam it breaks the laws of maths and exceeds 100% scam level
I can only promise one thing that gives an amazing "return"
Its called a "Boomerang"
Why are you so angry?
You were so close, should be missing the .au, while having Oz/Aus/Australia in the name, to make it really scam worthy.
Seriously‽ He/she came here asking for a bit of informal advice and you tear OP a new one?
Do you have any idea how much successful scam activity is going on at the moment? I see the Australian scams data every month and it would make your eyes water.
We should be encouraging people to ask questions if they're unsure and pointing in the right direction if they need it. OP's been a member here for eight years and sought-out feedback from people whose collective opinion they value/trust more than the scam caller.
Scams are successful because some people are less informed and/or may be in vulnerable circumstances and susceptible to the pitch. Education and support helps. Flaming does not.
Scams are successful because people are dumb. They are usually deliberately scammy in nature to ensure they weed all but the dumbest of the dumb.
You can't con an honest John.
Unsolicited calls wanting you to buy shares and promising high returns are investment scams.
A scammer claiming to be a stock broker or portfolio manager calls, emails or contacts you on social media and offers financial or investments advice. They may even claim to be from an investment firm or company you have heard of, as scammers sometimes impersonate these businesses to seem legitimate.
The scammer will claim what they are offering is low-risk and will provide you with quick and high returns, or encourage you to invest in overseas companies.
The scammer's offer will sound legitimate and they may have professional looking websites and resources to back up their claims. They will be persistent, and may continue to contact you until you agree to invest.
The scammer may claim that they do not need an Australian Financial Services licence, or that that they are approved by a real government regulator or affiliated with a genuine company.
The investments offered in these type of cold calls are usually share, mortgage, or real estate high-return schemes, options trading or foreign currency trading. The scammer is usually operating from overseas, and will not have an Australian Financial Services licence.
If it was such a sure thing why would they be calling other people to invest? They'd just invest themselves.
all stockbrokers are caring sharing empathetic types…..
tell them if it so amazing why ring me up, instead of buying them yourselves. you will also consult with your uncle warren buffet for advice first
I usually tell them I've got $10 to throw around. That seems to piss them off.
Definitely a scam.
I like playing along with these calls sometimes.
I've had a couple of unsolicited calls from people claiming to be from some investment firm. Extremely well spoken and sounded very professional unlike other obvious scammers. Pretended to have my details passed on from Commsec (another red flag). They asked if I knew what an IPO was and mentioned some big companies about to go public. They also wanted my email address so they can send some details on upcoming IPO's this year but they weren't very happy when I said they don't to send me anything as i'll just Google it.
Anyway, I looked into how these scams work, and from other forum posts, some users mentioned that they eventually call back at a later date to try to get you to send them money so they will invest it for you for higher returns only for you to never see your money ever again.
Even if the companies they mentioned are a good investment… you can do all that yourself anyway.
my call was exactly the same. very well spoken, good english and sent me a personal email with all his details. The website looks good and very well constructed, already had my email and full name on file. I also asked about why I should buy through you when I can just buy the company myself, he said he could offer me the shares $10 USD lower than what they were being advertised for on other platforms.
Why does them having your email and full name on file strike you as a good thing? It's illegal to harvest data like that in Australia.
Anyway, if the 400 bajillion other red flags didn't do it for you, why wouldn't he just sell those shares on the stock exchange if he could get $10 more?
never striked me as a good thing, usual scams don't have those details. As for your second question, good point, I agree
@Adz12: Sadly in this time of infinite data leaks, it's not hard for them to get. But it's actually more of a sign it's a scam than not, if they really were just cold calling to sell you something they should need to explain where they got the details from.
Seriously… you've been on these forums for more than 8 years.
I had a similar experience and oddly it was from an Australian - not an overseas english-as-second-language person.
They asked me about my situation - I asked them a few questions back about their business while knowing it was a scam. They started to 'err' and 'umm' when my questions were a bit more inquisitive about their business model and how the returns are made.
They hung up…
This is exactly what it reminded me of
Was he selling penny stocks?
I did once. From a guy named Jordan Belfort. He sounded like he had my best interest at heart.
Why would you buy anything from someone who rings you out of the blue?
I have never bought something from someone who rings me or knocks on my door.
Sounds like a deal you cant refuse op.
Sounds like similar investment scams as listed below…
WARNING re Share Trading Investment SCAMs: https://www.ozbargain.com.au/node/196431
100% scam.