hey guys, i signed up hoping to scam some information in regards to this:
Just after a bit of advice on a letter my mum got recently from the above people. Basically we got a letter completely out of the blue from the above company (ABN: 68 553 944 383) stating that she has ~70k of unclaimed shares in her name. The letter goes on saying we can recover the funds for you etc for a 20% fee.
It all seems sort of legit:
-the listed ABN checks out that it has been around since '99
-mum's current and our old address from the 80s is listed
-It isn't surprising that mum would have something like this as she dabbled in shares in the 80s.
-The letter lists both location & PO Box addresses - both check out with ABN.
-Generally seems like a lot of effort has gone into the letter/research etc. Either very professional or legit. Including pre-paid return envelope.
The not so legit stuff:
-The company letterhead has a bag of money on it - tacky.
-Letter contains a suspect sheet of "some of our achievements.." - ie: small spiels from previous "customers".
-Can't find any information on the net about "Diamond Funds Recovery" or the man himself, David Hill.
-Come on.. it's just too weird to actually be real.. isn't it ?
My paranoid nature leads me to believe this guy is dodgy - the whole "money recovery" field feels a bit dodgy too. But that said, it would be a nice little surprise if it worked out..
So my questions to you guys are..
1) Has anyone dealt with this company/man before or a similar setup ?
2) Is it possible to go over his head and recover the shares ourselves - assuming it's for real - without actually knowing which shares they are ?
3) Can you think of any reason why someone would bother to do this ? IE: what good is a signed "Authority to sell shares" form from my mother, if they don't exist ? Which raises the possibility of said shares existing.. and this form doubling as permission to take them over 100%.. ?
Anyway, just thought i'd get some other peoples advice on it before I contacted him himself - knowledge is power etc..
Any thoughts would be welcomed.. cheers