A Scam Alert article has been posted on the Safe Or Scam website warning investors of a follow-on-fraud involving shares in LXK Inc.
In brief, scam sales agents (one of which was called Wellington Capital Group) sold fake shares in LXK Inc. That scam has run out of steam so they have moved into the recovery room phase which is to approach the victims and claim that their shares have been sold and a full refund is being held for them. It will be released if the investor pays the release fee.
The organisation which is overseeing these transactions is claimed to be the Bank Of China. The LXK Inc scam was originally marketed very heavily in Asia so it is no surprise to see them name-dropping Bank Of China in this follow-on-fraud.
Safe Or Scam has seen a lot of follow-on-frauds where Bank Of China is claimed to be involved in some way. For the avoidance of doubt, Bank Of China is definitely not involved. It is a scam.
The documents that the scammers are using are very professional. The story they have put together is believable to most ordinary people. This follow-on-fraud was not put together by a couple of low-level idiots. This has all the hallmarks of an organised criminal gang operating a large call centre staffed by their own salespeople.
The full article, which includes the documents these scammers are using, can be viewed on this link to the Safe Or Scam article.