Wednesday, July 21, 2010

A friend was canvassed and asked us to investigate CRC EQUITY GROUP LTD

I Googled the company name "crc equity limited" and then in accordance to our investigation practice added the word "scam" - there was only one post which we publish below

646-536-9423

Did you get a call from 646-536-9423? Read the posts below to find out details about this number. Also report unwanted calls to help identify who is using this phone number.

  • Miro Poland
    14 Jun 2010
    For the last moth I got 4 calls from the US for investments on the stock market. They called me from diferent companyes for investments. And I listend to 1 of them company CRC EQUITY GROUP LTD, after spending an hour on the phone they gave me a website and some e-mail. To see the registration of the company in US. I saw - http://appext9.dos.state.ny.us/corp_public/CO ... _results_page=0
    and see that the company is from 27may2010 and registerd for 100 000 000 shares for 0.0002$ and they ware seling the shares for 3.00$. This is a FRAUD/SCAM !!! They caled me from hidden number some guy Nick and he send me an e-mail and he gave me this number so i can invest. STOP CALLING POLAND we will not invest in your BULLS*IT SCAM call your country to invest and steel mony!!!
    Caller: CRC EQUITY GROUP LTD

To us it sounded like a typical boiler room operation

Our advice to potential investors is never to invest in unlisted companies - only those listed on a major stock exchange - if you want to speculate and risk your money you could invest in a company or companies listed on Pink Sheets - Risky and not for widows and orphans

If you were considering investing in this company do your due diligence with a lawyer based in New York. Following the above link you can:-

How do I obtain copies of documents filed with the Division of Corporations? Include Text

Copies of any documents (Certificates of Incorporation, Articles of Organization, Certificates of Amendment, etc.) filed with the Division of Corporations may be obtained by submitting a written request to the New York State Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231. The fee for a plain copy is $5, and the fee for a certified copy is $10. Copies of documents cannot be ordered through this site or over the telephone. The Department of State does not provide copies of filing receipts.

The Division of Corporations will accept written requests for copies of documents by fax. Fees for written requests received by fax must be paid using your credit card/debit card. To pay for a fee using your credit card/debit card, simply complete and sign the Credit Card/Debit Card Authorization Form (43.9 KB PDF Form, 1 page) and submit it to the Division of Corporations with your written request. Written requests for copies of documents may be faxed to (518) 473-1654.

Please note that copies will be returned by first-class mail by the United States Postal Service. We do not provide these documents by fax. You may request that your certificate be returned to you by overnight delivery service, by including your account number with the service provider, enclosing a prepaid shipping label or including a request to charge your credit card with the shipper for these charges. The Division is unable to utilize UPS.

The point made above is that the shares are 0.0002$ This is the nominal value - What you want to know before investing is what is the asset value - Yes it could be the $3 dollars asked. If it is below then it does sound like a Boiler room operation!

You can purchase on the LSE RAVEN RUSSIA ( LSE: RUS.L / ISIN GB00B0D5V538 ) for 9:39am: 42.36 p Down 0.39 (0.90%) The last annual report if I remember correctly gave the net asset value at 62p. In other words you can purchase Raven Russia Limited at a considerable discount and be able to sell your shares in the future with ease - which is not the case with boiler room shares. I know which investment I would go for. I am not saying that you should buy this company´s shares but using it as an example

Raven Russia Ltd - Welcome to Raven Russia Limited

Welcome to Raven Russia Limited. Raven Russia Limited is a Guernsey registered property investment company specialising in commercial real estate in Russia. ...
www.ravenrussia.com/ -

Last year there was a Hong Kong hotel company selling for one third of it´s asset value and yielding 17%

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