World Wide Childcare, Visitel and other scams Forum



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Post from USA SEC on Interglobal

This e-mail from the SEC US speaks volumes.Please heed the warningsby Ms Kerry Mc Govern


Dear Mr. Janson:

Thank you for your e-mail to the Securities and Exchange Commission
in regard to InterGlobal Mergers & Acquisitions.

Review of pertinent databases indicates that no such entity as you
listed above and in your e-mail are registered with the SEC. Please note
that any time you undertake to give money to a "purported investment firm,"
you should make a determination about its regulatory status. Brokerage
firms have to be registered with the securities regulatory authorities to do
business in the United States. This is the same requirement for most other
countries if the firm wishes to do business in that particular country.

Despite the alleged San Francisco address for InterGlobal Mergers &
Acquisitions, it is unlikely this entity is located in the USA. Given
modern telecommunications technology, telephone call forwarding to offshore
listings poses no obstacle to fraudsters.

What the solicitation you received may be leading up to is a classic type of
reload scam/fraud, against which we especially warn investors to be on guard
(see: http://www.sec.gov/answers/foreignalert.htm). The types of
transactions alluded to by you are not part of normal sales practices in the
stockbrokerage business. Rather, they are most likely variations upon an
advance fee fraud (see: http://www.sec.gov/answers/foreignalert.htm). As
always, check with securities regulators about any investment offering made
to you to see if it is legitimate.

It may very well be that the same or connected fraudsters have exchanged
your name and investment information and in fact are attempting to make a
new run at you. It is possible that the new entity soliciting you
(InterGlobal Mergers & Acquisitions) somehow is also connected to, or a
successor entity to, your original brokers for your previous purchases (who
were they?).

As you may know, the Australian Securities and Investment Commission (ASIC)
has put out a consumer alert advising consumers not to conduct business with
certain "overseas share salespeople." This list is available from its
website at
http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/list+of+unlicensed+over
seas+cold+callers?opendocument. In addition, you may want to read the
ASIC's news alert entitled, "Cold calling and phone scams and how to avoid
them," which is available online at:
http://www.fido.asic.gov.au/fido/fido.nsf/byheadline/Cold+calling?openDocume
nt. Lastly, you may want to review our Foreign Investor Alert, which is
available on the SEC's website at:
http://www.sec.gov/investor/pubs/fleecing.htm.

Investors in a situation similar to yours should avoid purchasing anything
over the telephone from unknown entities.

For your information, I have referred your complaint to the people in the
SEC who specialize in the issues you've raised for their review. If they
have any questions or wish to respond directly to you, they will contact
you.

I hope this information proves helpful to you.

Sincerely,

Ms. Kerry McGovern
U.S. Securities & Exchange Commission
Office of Investor Education and Assistance
oiea@sec.gov

Re: Post from USA SEC on Interglobal

Peter,
Are you or any one from US? I wonder why the US SEC is not helpful in this case. Can we file in a report or put them into juridicion in any kind?

The Interglobal info given to me said that they are operating in US with address in San Francisco. I have got their share purchase agreement and the phone provided to me that "seems" to be from US. (I know they may actually forward the phone to somewhere). I can provide all these info if needed.