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Scam - "Offshore East Private Wealth Managers" is Run by Scammers

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Scam - "Offshore East Private Wealth Managers" is Run by Scammers

Offshore East Private Wealth Managers at www.offshoreeast.com is scam. The fraudulent website, which claims that they are an asset management firm with wealth managers, wealth advisers, or "Private Financial Counsel" with years of experience, is not registered in Japan according to the Japanese Financial Services Agency. Therefore, online users are asked not to conduct business on the same website.

Please continue below.

The "Offshore East Private Wealth Managers" Website (offshoreeast.com)

Offshore East Private Wealth Managers Website www.offshoreeast.com

Advisory Office

LG Twin Towers, 2 Jianguomen Outer St, Chaoyang, Beijing, China

+86-10-6410 5380

+86-10-5904 4810

+86-10-5885 0588

Regional Headquarters

Otemachi Financial City Grand Cube, 1 Otemachi, Chiyoda-ku, Tokyo, Japan

+81 3 4540 0817

Registered Office

Edobori Center Building, 2-1-1 Edobori, Nishi-ku, Osaka 550-0002, Japan

Offshore East Private Wealth Managers uses a type of scam called "Cold Calling," which is fraudulent practice aimed at soliciting investors all over the world. "Cold-calling" is a practice where by an entity disguises itself as a brokerage firm or an asset management firm and approaches potential investors via non face-to-face channels, such as by phone, fax, and emails, in order to solicit investment in securities or financial products.

Typically, a "cold caller" makes unsolicited calls to potential investors, cajoles them into deciding to purchase certain securities, and then, becomes unavailable for contact after the investor sends the money for that purchase. As a result, the investors cannot obtain the securities although they made the payment, and they also cannot get back the money they paid. Investors need to be more careful and vigilant, as cold callers have been using more varied and more sophisticated tactics. (For example, some cold callers execute transactions properly and make profits for investors at first. Then, they solicit bigger transaction and make the investors transfer the money for it. After that, the cold callers disappear.)

In most countries, a person is required to be registered with or licensed by the national regulatory body before conducting solicitation of securities transactions. However, cold-callers do not have such registration or licenses. One of the characteristics of cold callers is that it is extremely difficult to discover their whereabouts. Many cold callers indicate their office locations on their websites (or documents sent to investors), but they rarely operate at that location. Apparently, cold callers intentionally hide their whereabouts, so that they can avoid being visited by the investors they approach. Notably, it is very typical that cold callers claim that they are located in a country that is different from the location of the prospective victim. For example, there are many cases in which cold callers that have approached American or European investors claims that to have an office located in Japan (at a building in Tokyo, for instance. This is why investors should be very careful and vigilant about conducting business with these entities, potentially opting against conducting any transactions via these entities.

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Comments, Questions and Reviews
Comment(Total: 7)

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  • Posted: Oct 19, 2017 by an anonymous user from or near: Johannesburg, Gauteng, South Africa

    Does anyone know if there is a way to recover money paid to them ?

    delete


    • Posted: Dec 14, 2017 by an anonymous user from or near: Hove, England, United Kingdom

      You will never get that money back, make sure they don't take more.

      delete


  • Posted: May 23, 2017 by info

    Here is email scam received from the scammers:

    "From: Accounts <accounts@offshoreeast.com>
    Subject: Trade Confirmation
    Date: 22 May 2017 at 4:17:59 PM SAST
    Reply-To: accounts@offshoreeast.com

    Email Header

    Dear,

    As discussed with Mr. Joseph Dean, please find attached the trade confirmations and the banking instructions.

    Once you have made the settlement, please request a copy of your transfer receipt and forward to us accordingly.

    If you have any questions, please feel free to contact us at any time.

    Sincerely,

    Victoria Li
    Accounts Department"

    delete


  • Posted: May 2, 2017 by an anonymous user from or near: Cape Town, Western Cape, South Africa

    I am in South Africa and invested $10 000. I was referred by a friend and it took me 3 months to invest. Obviously both of us now realise it is a scam!

    Does anybody know where we could report the matter, they should not get away with this and continue to operate.

    delete


    • Posted: May 2, 2017 by info

      Report it to the police or your local authority. But, it will be difficult to catch those cybercriminals because they are operating in a foreign country where it usually hard to find and arrest them.

      delete


  • Posted: Mar 30, 2017 by an anonymous user from or near: Almaty, Almaty Qalasy, Kazakhstan

    Offshore East Private Wealth Managers is a scam! Invested a lot, never got it back. BEWARE!!! DO NOT INVEST!

    Here are some bank accounts that they operate through:

    Account Name:
    TITAN SOLUTIONS INTERNATIONAL LTD
    Account No.:
    NRA5992015200063372 (USD ONLY)
    Bank Name:
    EAST WEST BANK (CHINA) LIMITED
    Bank Address:
    30/F Jin Mao Tower,
    88 Century Boulevard, Shanghai
    200121, China
    Swift Code:
    EWBKCNSH

    Account Name:
    SAFENET GROUP SOLUTIONS LIMITED
    Account No.:
    NRA807231200010573 (For USD Only)
    Bank Name:
    OCBC BANK (CHINA) LIMITED
    Bank Address:
    OCBC TOWER, No. 1155 YUANSHEN ROAD
    PUDONG NEW DISTRICT, SHANGHAI, 200135, P. R. CHINA
    Swift Code:
    OCBCCNSH

    Account Name: BURGHLEY LIMITED
    Account No.: NRA1029087143 (For USD only)
    Bank Name: UNITED OVERSEAS BANK (CHINA) LTD
    Bank Address: Room 103, No.2 South Taizhong Road,
    Pudong New Area,
    ShanghaI 200131
    P.R. China
    Swift Code: UOVBCNSH

    delete


  • Posted: Mar 28, 2017 by info

    Received via email:

    "Beware of offshore east trading company - I invested $30'000 and its a complete scam. check out the website and you will see - no one has any links to their own details - company address is fake - actually not registered in Japan - they don't take calls - they refuse to divulge their references - the intermediate company that work through is also a scam please report them"

    delete


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