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martin anstee · Guest

I have been contacyed by a company ( or something First Standard Consolidated ) represented by an english sounding chap by the name of James Carter. Mr Carter has asked us to invest in this company. MPDD has very little information available and I am concerned for the finacial well being of others. Please advise me of any excursions you may have made.

aliorrewing · Guest

was also contacted by a company in Korea - Allwyn management. same story.

Is it a scam?

Guest

looks like a scam to me, was contacted this morning myself from alwyn eventually found the following link for a warning from the korean regulators

http://english.fss.or.kr/fsseng/eabu/reg/unreg.jsp?menuName=REGISTERED+FINANCIAL+INSTITUTIONS&menuIndex=202.

gutted · Guest

I have lost over 20,000 UK pounds to this company. They told me they would buy shares in MPDD for me, but I have not seen any certificates. I was then approached by another company called "Infinity Exchange Board" who offered to by the shares if I gave them a security deposit, which I have now also lost. Both companies are I believe related and scamming innocent people like myself.

PLEASE learn by my mistake and do not trust Alwyn Management Group or Infinity Exchange Board. They are scam companies. I learnt the hard way.

concerned · Guest

Hi i bought from Alwyn and am now very very concerned, i got reciept of payments and security numbers etc. is that a scam also. The MPD stock has risen to 440 I bought them (supposedly at 3.90). any way we can check on this further. ?

Guest

You could ask to see the stock certificates. Or contact MPD Development themselves. Their website is:
http://mpddevelopment.com/
but they do not have a contact telephone number. Looks very suspicious to me....
They also appear to be based in Florida, but are not registered as a company in Florida according to this website:
http://www.sunbiz.org/corinam.html

Max · Guest

First Standard Consolidated is now cold-calling Australians trying to sell MPDD. They say they 'bought' 1,000,000 stock and can sell it in 10,000 lots at below market price. I suspect they paid virtually zero for the stock. This is a typical scam. MPDD has no SEC filings, no directors, no cash flow, no business plan to examine, no list of investors, and no prospectus. It is not NASDAQ listed, only OTC, and Alwyn + FSC are almost certainly manipulating the stock price. Similarly, FSC has no listed physical address, no directors listed etc. It is virtually 'invisible' on deep internet searches. The staff use crap false names like 'James White', 'Johnathon Black','James Carter' or 'Larry Lion'. Stay away, unless you want some fun.

More concerned · Guest

Hi Concerned,

Did you find any more information as I am in excatly the same situation as you. I have to say that they are very good at what they do if it is scam.

concerned wrote:

Hi i bought from Alwyn and am now very very concerned, i got reciept of payments and security numbers etc. is that a scam also. The MPD stock has risen to 440 I bought them (supposedly at 3.90). any way we can check on this further. ?

worried · Guest

I am in the same boat. Bought quite a lot of shared in mpdd via Alwyn management group, they seem to change staff quite requarly and appear to be very "real" - but I think that after doing background checks online on mpdd that it is a scam Sad

still decking further and will update you on what I find.

Bit Concerned Also · Guest

Hi,

I have also recently bought shared in MPDD thru Alwyn Management, whilst I have seen the reference to Alwyn on Investor Alert List on the Korean FSS site and the comments on this blog I still need more evidence that this is some kind of scam before I get too concerned.

Does anyone have any new news?

concerned · Guest

i have been in "regular" touch with the bloke i bought from, he told me alwyn have no desire to register with FSS as it will affect tax and ability to offer better opportunities etc. was not convinced and have asked for more detial. he is now not returning my mails. I wanted to sell but dont seem to have the option given the current meltdown (as no one is buying) he advise sit tight until they (MPDD) go onto NASDAQ in december (is that real or not?).
will keep chasing as a matter of course. Lets see how this pans out.

More concerned · Guest

Hi Everybody,
I asked a friend who works for a russian investor to check out MPDD, Alwyn and my brooker.
Do not know where he checked, but it does seem that my Alwyn brooker has quite a few shares listed in the US and thinks that Alwyn and my brooker in particular seems okay. He is more concerned with the actual value of the shares (MPDD). I was also informed that it is an impossible time to sell (plausible) and that the shares always go down up to an election why the December time frame was more realistic.
Obviously he could not rule out a scam, but he does not see the signs as this would be a long running scam and as mentioed the brooker does have a lot of registered shares.
Best regards,
Slightly less concerned.

positive thinking!!!! · Guest

Guys when youve sunk cash into something its hard to come to terms with the fact you couldve been ripped off. The package alwyn delivered to me definately looked professional.

But look at it clearly their not on the FSS site because they arnt registered, they are on because they have been reported from other regulatory bodies like the SEC, as a side note their not regsitered. This means that others like gutted have complained to someone like the SEC and the SEC has gone to the trouble of notifying the FSS. They dont do that because of one email by a disgruntled investor!!

listen to gutted who has actually lost money and while you probably wont get back what youve put in make sure you dont throw good after bad.

friendly · Guest

Guys, there is strong evidence that this is a scam. The modus operandi of NY mafia is to approach a struggling company, or buy one cheaply, arrange to 'purchase' say 1,000,000 stock at $0.10 and then buy 500 or 1000 share parcels on OTC until the price is $2.50 to $4.50, then employ some contract 'brokers' to cold call clients from a purchased list, and offer stock at a 'discount' of approx 10% below the price listed. It sounds like a bargain but the company is only a shell. They do actually own the stock for re-sale, but have been known to sell many more than they own. The giveaway is that there are no further sales, ie no genuine buyers except their 500 units here and there (see Pinksheets.com). Even better is if the stock can be sold out of USA because then there is a restriction on selling for 2 years, by which time they are long gone. There is a follow up scam as another company may offer to purchase the stock from you, for a fee, which of course you will never see again. MPDD has made no SEC filings, and so they cannot be considered for NASDAQ listing. Never ever, my friends, buy stock listed on OTC.

friendly · Guest

Guys, there is strong evidence that this is a scam. The modus operandi of NY mafia is to approach a struggling company, or buy one cheaply, arrange to 'purchase' say 1,000,000 stock at $0.10 and then buy 500 or 1000 share parcels on OTC until the price is $2.50 to $4.50, then employ some contract 'brokers' to cold call clients from a purchased list, and offer stock at a 'discount' of approx 10% below the price listed. It sounds like a bargain but the company is only a shell. They do actually own the stock for re-sale, but have been known to sell many more than they own. The giveaway is that there are no further sales, ie no genuine buyers except their 500 units here and there (see Pinksheets.com). Even better is if the stock can be sold out of USA because then there is a restriction on selling for 2 years, by which time they are long gone. There is a follow up scam as another company may offer to purchase the stock from you, for a fee, which of course you will never see again. MPDD has made no SEC filings, and so they cannot be considered for NASDAQ listing. Never ever, my friends, buy stock listed on OTC.

qusy · Guest

friendly wrote:

Guys, there is strong evidence that this is a scam. The modus operandi of NY mafia is to approach a struggling company, or buy one cheaply, arrange to 'purchase' say 1,000,000 stock at $0.10 and then buy 500 or 1000 share parcels on OTC until the price is $2.50 to $4.50, then employ some contract 'brokers' to cold call clients from a purchased list, and offer stock at a 'discount' of approx 10% below the price listed. It sounds like a bargain but the company is only a shell. They do actually own the stock for re-sale, but have been known to sell many more than they own. The giveaway is that there are no further sales, ie no genuine buyers except their 500 units here and there (see Pinksheets.com). Even better is if the stock can be sold out of USA because then there is a restriction on selling for 2 years, by which time they are long gone. There is a follow up scam as another company may offer to purchase the stock from you, for a fee, which of course you will never see again. MPDD has made no SEC filings, and so they cannot be considered for NASDAQ listing. Never ever, my friends, buy stock listed on OTC.

hello, friendly, where did you get all?

Sam Molti · Guest

Dear Mr Friendly

I have some information for you about investments that might interest you.

Can you please post your mailing address so that I can send it to you.

Nice try · Guest

Sam Molti wrote:

Dear Mr Friendly

I have some information for you about investments that might interest you.

Can you please post your mailing address so that I can send it to you.

HAHAHA, I wonder who you work for.... Why don't you post the "information" on this forum for all to see?

Friendly · Guest

I am not going to reveal my sources, other than to say that the Bangkok boiler rooms were owned and operated by NY Mafia, and they were forced to relocate in 2001 after the Thai government cracked down.

There are a few key elements in these scams. There is always a 'sense of urgency' or a 'deal about to close'. The recommended stocks are always 'going to list' on the NASDAQ, and when they do so the stock price 'will triple, quadruple', whatever. The broker websites are always slick, and big on 'Our Mission' and 'Investor Relations', but the words are empty, and there is no way to ascertain who is the CEO, or who the management are from the website. They usually say 'supporting Institutional investors for 10 years' but when you try a Google you don't get anything. The email addresses are always info@..... The brokers are employed in a tier system - (1) the contact - a uni student with a list to call (2) the 'junior broker' who reads from a script and says 'my senior advisor will call you within a few days' and (3) the senior 'broker' who also reads from a script full of things like 'the stock will split in December', 'George Soros says, or Warren Buffet says..', and 'I'm sure you have heard of Apple/Microsoft/etc - imagine if you could have bought Microsoft before they had even listed'. This man will tell you that there are no stock sales because everyone is hanging on to them. He will tell you that he is offering you the stock so that you will become a future long term client. Finally, his name will be reminiscent of a Quentin Tarantino script, a little joke in these circles - Mr White, Mr Black. Mr Pink would be a giveaway.

Why am I telling you this ? Because I hate these bastards.

Guest

GREAT!! And I own this stock. Laughing

Me too.... · Guest

Damn..., guess there is nothing we can do then....?

Wary · Guest

I was contacted a couple weeks ago by a south african sounding guy. I forget what name he went by. He claimed to have some inside information that Donald Trump was going to do a deal with MPDD. You know that act now or lose out crap..... He was making claims that the stock would automatically jump on the news release to the tune of a small fortune.

I opted to wait and see and eventually found you guys here..... MPDD is a scam pure and simple. I'd be worried even if I had certified stock in this company.

Guest

Anonymous wrote:

looks like a scam to me, was contacted this morning myself from alwyn eventually found the following link for a warning from the korean regulators

http://english.fss.or.kr/fsseng/eabu/reg/unreg.jsp?menuName=REGISTERED+FINANCIAL+INSTITUTIONS&menuIndex=202.

Ha ha .. I get redirected from this link to a site that tries to install software on my computer...... Smile

Nicely played

angry · Guest

has any one been able to confirm the address in Korea these people work from (I mean actually visited them)? Their website is registered to an American address and could be tracked, but for the money these cowboys have already taken, paying a litle more to visit them in korea does not seem too expensive...

SUPERSTAR · Guest

angry wrote:

has any one been able to confirm the address in Korea these people work from (I mean actually visited them)? Their website is registered to an American address and could be tracked, but for the money these cowboys have already taken, paying a litle more to visit them in korea does not seem too expensive...

Sorry, not me. I only inherited some shares from this company but nothing more. I know about them what is written on their site.

Bit Less Concerned · Guest

I am a cautious investor so did as much research as possible before buying MPDD shares. Back then this blog did not exist then I came across it over 3 wks ago and posted a reply. When you read this blog your heart drops to the floor, you panic and then feel helpless...

Since then I have sold some of my shares in MPDD (making gains) and requested and received share certificates for all the shares! I am keeping hold of the rest.

My advice is that you shouldn't panic too much - but remember there is always a risk in any share portfolio! Look at what happened in the past few weeks on global markets... I have a considerable investment with HSBC and I feel more unconfortable about that than the MPDD stock!

Bit Less Concerned · Guest

I am a cautious investor so did as much research as possible before buying MPDD shares. Back then this blog did not exist then I came across it over 3 wks ago and posted a reply. When you read this blog your heart drops to the floor, you panic and then feel helpless...

Since then I have sold some of my shares in MPDD (making gains) and requested and received share certificates for all the shares! I am keeping hold of the rest.

My advice is that you shouldn't panic too much - but remember there is always a risk in any share portfolio! Look at what happened in the past few weeks on global markets... I have a considerable investment with HSBC and I feel more unconfortable about that than the MPDD stock!

Guest · Guest

how did you sell your MPDD shares? Via Alwyn?

Guest · Guest

how did you sell your MPDD shares? Via Alwyn?

anyone · Guest

friendly wrote:

Guys, there is strong evidence that this is a scam. The modus operandi of NY mafia is to approach a struggling company, or buy one cheaply, arrange to 'purchase' say 1,000,000 stock at $0.10 and then buy 500 or 1000 share parcels on OTC until the price is $2.50 to $4.50, then employ some contract 'brokers' to cold call clients from a purchased list, and offer stock at a 'discount' of approx 10% below the price listed. It sounds like a bargain but the company is only a shell. They do actually own the stock for re-sale, but have been known to sell many more than they own. The giveaway is that there are no further sales, ie no genuine buyers except their 500 units here and there (see Pinksheets.com). Even better is if the stock can be sold out of USA because then there is a restriction on selling for 2 years, by which time they are long gone. There is a follow up scam as another company may offer to purchase the stock from you, for a fee, which of course you will never see again. MPDD has made no SEC filings, and so they cannot be considered for NASDAQ listing. Never ever, my friends, buy stock listed on OTC.

Thanks for warning. I will consider this fact. However, I have never been in trouble for almost 6 years while trading in the otcbb.

eylesda · Guest

Hi all....

I was cold called yesterday by a Thomas Greene of Alwyn Management
offering shares in EMI International Enterprises. he said they were about to be awarded a major US gov contract at $700 mil to supply office equipment!

It was a very strange routine right down to his so called boss recording our conversation.

To be honest the only way to get rid of him was to agree.

They have now sent me the docs by email.

Any thought on how I stand re the recorded conversaton in which I agreed to buy from them?

concerned · Guest

i complained to 'my broker' I then got a call back from another bloke from 'customer service' telling me they would send over my certificates. They did not arrive, so i sent another mail and got a very quick reply. The voices are all amercian so the reference to the NY mafia seems to ring true. I got another call from Alan Davies (head of customer services) telling me they would come this week. I am at the point where i belive this is a professional organisation, but whether they are legal and we will see our money back is another question. will keep you posted on progress.

stop · Guest

Hi eylesda, up to you, but personally, after my experience with this company - I would reccomend you NOT to go any further....

Guest

stop wrote:

Hi eylesda, up to you, but personally, after my experience with this company - I would reccomend you NOT to go any further....

Hi Stop,
I do not intend to progress further. My concern is over their recording the conversation i.e. reasoning behind it.
They were very specific about it, a bit like a police interview one would see on t.v.!

I was wondering how they could possibly use the recording as if useless then why bother?

Scarey stuff to think may be NY mob behind it all!

Friendly · Guest

Dear Eyslesda

Don't worry about the recording. It is all bullshit. A recorded conversation does not constitute a contract. When the account arrives, just tell them you have changed your mind. Don't send the money. There's nothing they can do. By the time any kind of threatened action takes place, they won't exist.

For all those who have received stock certificates - sell the stock as soon as you can, while the brokers are pumping. This forces them to buy back themselves, as there are no true purchasers out there.

Friendly · Guest

PS - Eysleda

Thomas Green is a colour - their little joke, like Mr White and Mr Pink.

Guest

Friendly wrote:

PS - Eysleda

Thomas Green is a colour - their little joke, like Mr White and Mr Pink.

Cheers. Picked that out from the earlier posts. They were to call me today at noon to confirm my order I'm a bit disappointed they did not.

Investigating · Guest

eylesda wrote:

Hi all....

I was cold called yesterday by a Thomas Greene of Alwyn Management
offering shares in EMI International Enterprises. he said they were about to be awarded a major US gov contract at $700 mil to supply office equipment!

It was a very strange routine right down to his so called boss recording our conversation.

To be honest the only way to get rid of him was to agree.

They have now sent me the docs by email.

Any thought on how I stand re the recorded conversaton in which I agreed to buy from them?

Quote:

Hi,

I was also called by a representative of Alwyn Management - Mark taylor (American accent), who tried to get me to buy 10000 shares in EM International Corp - trading as (EMIE). He said he had inside information that they were about to announce a huge contract with JC Penny's and that the stock price would likely go from $2.95 to $5.00 per share. He was trying to hard sell with quotes of "you have to act quickly"etc, all of which started to ring my alarm bells. Upon checking EMIE, there has been hardly any volume in trading and seems like a bogus company. Alywn sent me a company brochure, which seems kind of professional but still very wary. Next week my friend is going to Korea and I have asked them to check the Alwyn office out. Anyone else been approached in buying EMIE shares?

foolish · Guest

There is a way but you must form an alliance. You can get your money but you need to know how. wouldnt you like to know where thry are? wouldnt you like to catch em in a dark alley. lets here it people?

positive thinking!!!! wrote:

Guys when youve sunk cash into something its hard to come to terms with the fact you couldve been ripped off. The package alwyn delivered to me definately looked professional.

But look at it clearly their not on the FSS site because they arnt registered, they are on because they have been reported from other regulatory bodies like the SEC, as a side note their not regsitered. This means that others like gutted have complained to someone like the SEC and the SEC has gone to the trouble of notifying the FSS. They dont do that because of one email by a disgruntled investor!!

listen to gutted who has actually lost money and while you probably wont get back what youve put in make sure you dont throw good after bad.

hammer · Guest

you must form some assocaition, divided they win united you win. this is economic sabatouge. form a group and will go from there

Concerned · Guest

I think the first step would be to confirm that the office in Korea actually exists - then we can take the next step to group together and take legal action if required, or simply all get together and try asking for our money back... is any one in a position to confirm this (I assume we are all expats living in Asia)?

One thing is for sure, there seems to be enough of us who have been sucked into this. Shows they are a "professional" organisation...

Friendly · Guest

The bust-em approach was tried in a very heavy-handed way by the Thai authorities in Bangkok, in 2001. The organised crime set-ups were exactly the same, right down to the 'script'. The big boys walked away, and the boiler room workers, many of whom were students on Asian holidays, got thrown in jail. Their embassies got them out fairly quickly and they were deported. No-one ever got their money back. The wrong people were the recipients of violence.

Most of the investors (numbering astonishingly in the 10's of 1000's (it is not difficult to find a sucker who can be 'groomed' and believes in some fairy tale profit, were never heard of again. Most investors were in for $USD 3000-5000. That is a lot for some people, though. There were a few who were absolutely certain the companies were kosher, and were in for $USD 100K - 500K. Some of these got together and were reported to have commissioned a vigilante group that went hunting in February 2003, starting in Washington DC. Some of the trails apparently started there due to Delaware immunity laws being lax. There was a 'retainer' and a 'bonus' system discussed at the time. The last I heard, the trails were cold, and no bonuses had been collected, but they would say that.

Somehow I don't think you are going to be able to get together a posse of expats storming a Korean office looking for money. Allwyn would have a plant prepared, anyway.

Guest

anyone in here with mpdd stock?

More concerned · Guest

Yes to MPDD stock. What is the problem. We are discussing how valid they are and part of that is the brooker. I think it is a very interesting discussion.

Concerned · Guest

Yes to MPDD and EMIE stock. Currently being told no possibility to sell due to ]"economic climate"... hhhmmmm

Not suggested Vigalanti mission, just that we first establish the brokers are at least operating out of the office they say they are - I strongly suspect not and that there is just a secretary there forwarding calls.

maggie · Guest

I don't think that there is no possibilty to sell the stock...I would better state that nobody would like to buy it...

Singapore · Guest

I've been reading these message boards and I have to say I'm surprised. I thought you were all Americans but seems its all international Asia expats who I would assume should be smarter than the average mark.

This is so obviously a scam (including the guy who claims "he sold some") and boiler room operation. Alywn rang me up and did the requisite dance on the phone. Id never been targeted by a boiler room before but it doesnt take much brains to work it out. Theyve 'bought in 10-20% lower"?? Well no broker would/could/take the risk do that in the first place and if they did theyd hold on to it and on sell it straight away.

At the time of the warming up secretarial call , i couldnt find them on the korean FSA warning list but i did eventually find them on it- as for their excuse about not being registered; tax etc is laughable, any company has to be registered regardless and youre a fool if you deal with them initially as you have no recourse)

I can't believe one of you accepted the line "you can't sell any at the moment because of the bad market" Well ive one thing to say WHY IS THE STOCK VALUED AT 440???? IT SHOULD BE VALUED AT NOTHING BECAUSE THERE IS NO BID.

I looked at the news brochure this coy produced- cut and past from the brochure and googled it -and they were all 3 month out of date liftings from various news sources WORD FOR WORD (BBerg, Reuters etc). Mind you the broker was very good but it was such a hard sell it became obvious. He an older sounding American guy who when you pressed the right buttons emitted the warning sounds. Pushy , share price triples, yada yada yada and rings from KOREA of all places and wouldnt let you say no ( I hung up eventually). He may as well have said he was from Nigeria. DO the requesite checks of the stock and its rubbish , no liquidity and no frame work at all. Have a think of a company that as all this 15 years of service and institutional customers crap on their site (but no names of course) but that cold calls poor bastrds like us.
I bet half you guys that invested in this paper company are complaining about the world wide economy going bust at the moment and not for a moment thinking about what you just did.. Have a think. its your GREED that has done it. Only stupid greedyness would let you invest in garbage like this when the warning bells are clanging in your ears. (and thats coming from me; I am a right wing capitalist!) If any of you guys still think it is real. try and sell it. Good luck with that.

Guest

I copied and pasted a link to this site and the Korean FSA warning....
with the message "any comments? Not heard a thing since.

Guest

@guest: Not sure that was a smart move, but let us know what you hear back...

@Singapore: I think the majority of the people who got caught by this are not greedy, or naive or stupid. Shares are a confusing and unknown area for a lot of people and Alwyn "appears" to be a professional company. Just because you are knowledgeable about shares and would not get caught in this kind of scam, does not mean people who do are stupid... let's not forget who the villain here is.

The point of this thread is to warn other people not to make the same mistakes. I wish this thread was about when I was first contacted by Alwyn.