Source One International / Professional fraudsters and scammers
Source One International is a pretty new company established and registered in around December 2009 in the investment business. They trade stocks in NASDAQ and commodities like gold and copper. Or so they claim.
Truth and facts of the firm #1 :
Company address listed in Tokyo is a virtual office.
Building is managed by ServCorp, a legitimate real estate firm in Japan. You can basically own an exotic address in the CBD area of Tokyo by paying them a nominal fee, with services such as physical mail forwarding and even phone routing. This make sure that when they call you, the number listed on your caller ID is indeed from Japan. The number they provided is also indeed in Japan, part of the service with the phone router. You can basically sit in your office in London and get calls forwarded to you when they call your Tokyo number.
I did my undergraduate studies in Tokyo, and lived there for 3 years. As a student who is always on the hunt for budget but good services such as restaurants, I know Tokyo inside out, especially those small streets where only locals use. When I questioned about their address and commented on the surroundings, their lame answer was "I am so engrossed in work so as to be able to provide clients like you reliable trading tips that I never did notice the area I work in". Loads of bull crap. You mean to say you work at the same place for years and don't even know how far away the metro station is ? Do your homework boys.
Truth and facts of the firm #2 :
Source One International is listed on the FSA website http://www.fsa.go.jp/en/refer/cold/index.html
as a cold calling company. They call potential investors with real and solid tips and advice to enhance their credibility. But the truth is they do not have a license to operate in their capacity at all, not only in Japan but any other parts of the world as well. FSA has warned investors to distance themselves from the companies listed at the site provided above. Source One International is just one of them. Who knows if the company name even exist at all in reality.
Don't blindly rely on the website. These scammers are hit and run artist. If one fails they will retreat and then regroup into a new company and new identity. The list is never going to be complete. If you really want to trade stocks do it at a recognized and registered platform such as banks. True, they offer solid advices and tips and it makes you really want to buy from them. But it is going to be a one way investment. The money goes in and never comes out. Might as well give it to a trust or charity. At least you get tax rebate.
Truth and facts of the firm #3 :
DNS / Whois results of the company server and mail have shown that the registration of the domain and host are in Hong Kong. The filter is being done by a company in Singapore. The account they use for payments are in Taiwan handled by the ChinaTrust Commercial Bank, under the account HALOGROUP International Ltd. I have proof of invoices and their payment instructions. Drop me a private message if you want a copy. Reason for using a Taiwan bank when your company is in Tokyo ? Tax evasion. Good cover story.
Looking at the scale at which they operates, you should be afraid. This is a cross border syndicate and organization. They operate across borders, making it harder for authorities to check on them. But with the right amount of pressure, the correct channels, and a never ending patience to annoy your Investigating Officers by calling them 3-5 times a day asking for updates, the police can actually produce results. Doing nothing and accepting your fate when you get cheated is the worst sin. You don't admit defeat without putting up a fight. You are putting others at risk. You are giving them more confidence and reason to go on scamming people. You will burn in hell with them for eternity. Maybe you will get a 50% discount from God. But half of eternity is still a long time. So please do your part and report it to as many agencies and authorities as possible. The next victim could be your close friend or relative.
Truth and facts of the firm #4 :
If you google Source One International, you will find several news and financial portals where apparently Source One International have released and published articles. For this, I seriously applaud loudly. This is scamming taken to the next stage. This is like a 7-11 robbery using the latest weapon complete with bullet proof vest and helmet and a get away helicopter and jet waiting somewhere. For the unsuspecting victim just trying to do a soft background check on the company, it works perfectly. This move increases their credibility and reputation, and in the end what they desire : More victims and more cash. Study those articles closely. They are probably rip off from other legit articles, signed off with "SOURCE ONE INTERNATIONAL", or random news pieced together. Inspect more and you will notice all the articles are posted by someone who calls himself Lucas Hyde. That's right. He works for Source One International as well. Pretty hardworking boy I have to say. Deserves the occasional successful swindle for the effort. I have to give them that. Shows that these guys understand human psychology and predicted what potential victims will do.
Looking at how far and how much the scammers will go to accomplish their intention, I am seriously concern. This is becoming a profession by nature and it shows how complicated these syndicates work.
Don't be lured by greed. These very fraudsters prey on our greed in order to be successful. They are very good at sweet talking and can probably convince a 3 year old kid to give away his/her candy. There is always a catch. If you don't watch out and be careful you will end up in the catch. The only thing I find interesting with these people is that the tips and advices they give are usually pretty accurate. In fact they work out so well all the time that if these guys go legit they could be very successful traders and brokers. Too bad they decided on the other route which usually only leads to only 2 places. Either behind bars or if life catches up with them, an eternity of damnation.
Spread the word people. Don't stop fighting.
I learned all these the hard way. I lost 12, 000 USD to them and was about to invest around 58, 000 USD more. Thank god they stopped responding to my mails and calls after I requested a sell of my stocks. If they did help me sell part of the stocks and send me back my money, I would not have doubted parting with another 58, 000 USD. Something good out of something bad. I like to consider myself lucky in a sense. But not everyone will stop and think so I hope this particular post will help lots in the days to come.