Thread: Scammed by Garrett Knight Associates cold calling?

Originally Posted by Koenna

Hi, Received a trade confirmation on their letterhead. Not sure how to follow up with relevant company to confirm validity that I own stock.
Also, the money I lost was paid over to a bank in China, as they explained that they keep it in something like trust account. I'm not sure how
they were suppose to work if everything was legit. Should I not get some type of share certificate or something?

If you bought stock in a company, all you have to do is contact the company and give them the date you bought their shares and ask them to confirm you are listed as a shareholder of record for the number of shares you bought. Attach a copy of the letterhead from Garrett Knight Associates showing you purchased their shares. Tell them that you have not received your shares of stock, and Garrett Knight Associates are not communicating with you, and this is why you are contacting them directly. Let the company do your work for you to see if you can get your shares of stock. If you can get the shares, then you can take them to any broker/dealer and sell them any time you want. Hope this helped.

Company phone me again today. Said they are always available via email or phone. I beg to differ thou. They explained why they are not registered. All making perfect sense. I can't get my initial investment back, as they are a big company and don't do single transaction trading. I have to invest more money now in another share, which, after it's done, I can then get back my invested money a bit later on, or a part of it as some need to stay in the account. They probably read these posts, that might be why I got a call today. If I'm mistaken I'll remove the post, but for now I have no reason to believe I'll ever get any money back from them. Got email from Japan FSA this morning, They claim the company appears to not exit. I'll forward this mail to anybody considering to invest into this company.

Originally Posted by Koenna

Company phone me again today. Said they are always available via email or phone. I beg to differ thou. They explained why they are not registered. All making perfect sense. I can't get my initial investment back, as they are a big company and don't do single transaction trading. I have to invest more money now in another share, which, after it's done, I can then get back my invested money a bit later on, or a part of it as some need to stay in the account. They probably read these posts, that might be why I got a call today. If I'm mistaken I'll remove the post, but for now I have no reason to believe I'll ever get any money back from them. Got email from Japan FSA this morning, They claim the company appears to not exit. I'll forward this mail to anybody considering to invest into this company.

They are lying. If they are doing trading, they have to be registered and licensed to do it no matter where they are located. They are also lying when they say you have to buy another share before you can get back your money, or at least part of it as some of it must stay in your account. It is all BS and smoke and mirrors. Do not send them any more money or you can kiss it bye too. The are a scam.

Originally Posted by Koenna

Company phone me again today. Said they are always available via email or phone. I beg to differ thou. They explained why they are not registered. All making perfect sense. I can't get my initial investment back, as they are a big company and don't do single transaction trading. I have to invest more money now in another share, which, after it's done, I can then get back my invested money a bit later on, or a part of it as some need to stay in the account. They probably read these posts, that might be why I got a call today. If I'm mistaken I'll remove the post, but for now I have no reason to believe I'll ever get any money back from them. Got email from Japan FSA this morning, They claim the company appears to not exit. I'll forward this mail to anybody considering to invest into this company.

Koenna, the bullsh*t statement from Garrett Knight Associates I have highlighted in red above is one of the most well-worn "follow-up-scams" in the business of online fraud. I've seen the exact same verbiage (designed extract an additional sum from people who have already been ripped off) used by scammers from Russia, Eastern Europe, Malaysia, Indonesia and Thailand. Thankfully, their website does get as much traffic as a typical "hit-and-run" HYIP SCAM; it looks like they may rely more on phones than the internet to rip people off.

SD

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