"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.

Offshore East Private Wealth Managers is Run by Scammers

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

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

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
"Offshore East Private Wealth Managers" is Run by Scammers
an anonymous user from: Tülkybas 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 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


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Be careful with links and new website addresses

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What if You Got Scammed?

Stop Contact With The Scammer

Hang up the phone. Do not reply to emails, messages, or letters that the scammer sends. Do not make any more payments to the scammer. Beware of additional scammers who may contact you claiming they can help you get your lost money back.

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  • Notify the three major credit bureaus. They can add a fraud alert to warn potential credit grantors that you may be a victim of identity theft. You may also want to consider placing a free security freeze on your credit report. Doing so prevents lenders and others from accessing your credit report entirely, which will prevent them from extending credit:

Check Your Computer

If your computer was accessed or otherwise affected by a scam, check to make sure that your anti-virus is up-to-date and running and that your system is free of malware and keylogging software. You may also need to seek the help of a computer repair company. Consider utilizing the Better Business Bureau’s website to find a reputable company.

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Report The Scam

Reporting helps protect others. While agencies can’t always track down perpetrators of crimes against scammers, they can utilize the information gathered to record patterns of abuse which may lead to action being taken against a company or industry.

Report your issue to the following agencies based on the nature of the scam:

  • Local Law Enforcement: Consumers are encouraged to report scams to their local police department or sheriff’s office, especially if you lost money or property or had your identity compromised.
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  • Identitytheft.gov: If someone is using your personal information, like your Social Security, credit card, or bank account number, to open new accounts, make purchases, or get a tax refund, report it at www.identitytheft.gov. This federal government site will also help you create your Identity Theft Report and a personal recovery plan based on your situation. Questions can be directed to 877-ID THEFT.

How To Recognize a Phishing Scam

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Scammers often update their tactics to keep up with the latest news or trends, but here are some common tactics used in phishing emails or text messages:

Phishing emails and text messages often tell a story to trick you into clicking on a link or opening an attachment. You might get an unexpected email or text message that looks like it’s from a company you know or trust, like a bank or a credit card or utility company. Or maybe it’s from an online payment website or app. The message could be from a scammer, who might

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  • include an invoice you don’t recognize — it’s fake
  • want you to click on a link to make a payment — but the link has malware
  • say you’re eligible to register for a government refund — it’s a scam
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With the ever-increasing number of people going online, it important to have a community like OTA that continuously alerts or protects those same people from cyber-criminals, scammers and hackers, who are every day finding new ways of carrying out their malicious activities.

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"Offshore East Private Wealth Managers" is Run by Scammers