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Report: #917560

Complaint Review: DCS Equity International - Milano Select State/Province

  • Submitted:
  • Updated:
  • Reported By: AfromAinA — Narang Other Australia
  • Author Confirmed What's this?
  • Why?
  • DCS Equity International Via Conca Del Naviglio Milano, Select State/Province United States of America

DCS Equity International After another 4 months still at it Milano, Other

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Summary of events and conclusions

1.    Paid for 50,000 ER5 shares and I receive a 3 to 1 ratio additional amount  total now 110,000
2.    Told that was a clerical error and the brokers had misunderstood the deal.
3.    Have to now pay for these 60,000 at 0.80 Euro value each.
4.    Did pay 5,500 Euro as a first payment.
5.    The false documents created are:
a.    Deutsche Borse Group: Sales Receipt
b.    United States Securities and Exchange Commission: Form 4 Statement of Changes in Beneficial Ownership
6.    Told that the 110,000 were sold for 4.50 Euro each therefore a total of 495,000 Euro at approx USD $1.38 FOREX at the time is equal to USD $ 693,100.00.
7.    Informed money is in a US bank Account waiting to be transferred in a matter of days.
8.    Receive a letter via DCS that the OFNC has placed a block on the payment to me and a
printout of a page from the list showing my details.
9.    Which by the way is a falsely created letter and listing page convenient for the typist to make a space available on the bottom right column?
10. Informed it was being sorted out and name is to be removed clearing the way forward to
me receiving the money.

4 Months later
1.    They are still at it after a rest period of four months. Latest added name to the scammer team list is a Jonathan Wright he even sends a copy of a passport in the name of Jonathan Wright. (Would the real Mr. Jonathan Wright please stand up!!).
2.    The latest is to send out a SEC Form 3 in the name of a person at an address in the USA with no identification numbers etc for a transaction of shares.   
3.    Nowtold No sale occurred? What happened with the money supposedly blocked by OFNC being held in a bank account 495,000 Euro at approx USD $1.38 FOREX at the time is equal to USD $ 693,100.00.
4.    At a later date the 110,000 shares were allegedly sold for USD$1.51 each which means an accounting theft of USD$512,000.00 occurred.
5.    At around the same date allegedly the 110,000 shares in ER5 were traded exchanged for 400 Apple Inc Shares on an exchange ratio of 1237.5 each plus have to pay USD $475.00 per share.  When the ER5 were sold at that reduced rate of $1.51 and other shares sold! I end up owning USD $18,900.00.
6.    Phone call from Jonathan was 19th July 2012 saying he would call me on Friday 20th July.
7.    Now 26th July and no phone call I guess that is because I said I cannot nor will not be able to pay the USD$18,900.00.

Conclusions
1.    If at all the 110,000 shares were legitimate and valued at 4.50 Euro that was a healthy sum of money.
2.    If they were sold and the money banked then deducted that is theft.
3.    If all that did not really happen then that was a scam of lies and false records to gain money one way or another. 

This report was posted on Ripoff Report on 07/25/2012 07:14 PM and is a permanent record located here: https://www.ripoffreport.com/reports/dcs-equity-international/milano-select-stateprovince-/dcs-equity-international-after-another-4-months-still-at-it-milano-other-917560. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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