I purchased some shares two years ago which turned out to be a real loss for me. I brought them through a broker who told me that they would be sold within 3 month for a decent profit. Unknown to me these shares had restrictions on them and it became hard to sell them. The broker did nothing to assit us with this but keep asking for me to put in more money, which I did not do. My trust in this broker was gone ad now they have even sold out their business and put the stocks in the hands of another broker.
The problem now is that I have been contacted by another company, Capgemini US, who have a client who wishes to buy these shares. They are offering five times what they are worth at the moment. They want me to pay a bond into an insurance indemnity escrow account in order for the purchase to take place. This is 15% of the value of the shares, approx $2800. I am very afraid to pay this money given the very negative experience with the previous broker. I am also concerned that I know nothing about where the money goes and how I would get it back in the event of a problem.
Can someone tell me if this is a normal procedure? Maybe there is someone way to determine if this is legitimate? Any advice would be amazing.