"Offshore East Private Wealth Managers" is Run by Scammers

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.

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, Answers, or Reviews

Comments (Total: 11)

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  • March 27, 2018 at 3:40 AM by an anonymous user from: Milan, Lombardy, Italy

    can the executives of Offshore East be named and shamed in attempt to regain everybody's funds? NJO

  • October 19, 2017 at 4:53 AM by an anonymous user from: Johannesburg, Gauteng, South Africa

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

    • March 24, 2018 at 3:39 AM by an anonymous user from: Milan, Lombardy, Italy

      the only way is to name and shame all the executives of Offshore East that took part in stealing funds honestly invested and trusted to Offshore East.

      If you all agree, I will willingly do so.


    • December 14, 2017 at 7:19 AM by an anonymous user from: Portslade, England, United Kingdom

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

  • May 23, 2017 at 8:24 AM 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


    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.


    Victoria Li

    Accounts Department"

  • May 2, 2017 at 3:17 PM by an anonymous user from: Johannesburg, Gauteng, 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.

    • April 25, 2018 at 8:25 PM by an anonymous user from: Quezon City, National Capital Region, Philippines

      HI I am a former worker of Plustel who runned offshore east. The company was raided by the NBI of the Philippines. We have a case here if you want to join. 2 investors from your country has filed cases against the criminals. Contact me I can give you their contact number so you can file case also.

      • May 17, 2018 at 9:22 AM by an anonymous user from: Stockholm, Stockholm County, Sweden


        We have a Swedish victim who has lost a lot of money to the same scammers ''Offshore East Private Wealth Managers'', and we would like to join the case against them. Could you please let us know how to do so? Here is our email address in case you would prefer to write privately:

        Looking forward to your reply.

        Kind regards

    • May 2, 2017 at 3:58 PM 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.

  • March 30, 2017 at 11:04 PM by an anonymous user from: T├╝lkybas audani, Turkistan, 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:


    Account No.:

    NRA5992015200063372 (USD ONLY)

    Bank Name:


    Bank Address:

    30/F Jin Mao Tower,

    88 Century Boulevard, Shanghai

    200121, China

    Swift Code:


    Account Name:


    Account No.:

    NRA807231200010573 (For USD Only)

    Bank Name:


    Bank Address:



    Swift Code:


    Account Name: BURGHLEY LIMITED

    Account No.: NRA1029087143 (For USD only)


    Bank Address: Room 103, No.2 South Taizhong Road,

    Pudong New Area,

    ShanghaI 200131

    P.R. China

    Swift Code: UOVBCNSH

  • March 28, 2017 at 10:16 PM 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"

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"Offshore East Private Wealth Managers" is Run by Scammers