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Help needed from a rookie, is this a scam or not?

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Aug 15, 2018 1:44 pm

Hi,

I got contacted by phone regarding an investment opppertunity from a Investment company i HongKong called Kingsman Investment Limited http://www.kingsmanltd.com They were offering stocks from Ant Financial @ 40 USD/stock for a minimum value of 10.000 USD

Ant financial haven't gone IPO yet, and when they do, the stock price is expected to rise. They are asking 4% of my profit as their comission

Kingsman Investment Limited has been around since 1993, and is a registered company. It looks OK. I googled them, + scam, and I didn't find any information that scared me

When I got the paper to wire the money, it was a total different company "Ming Xu Trade CO., Limited

I never done anything like this before, and I need therefore some help with some questions:

Dose this sounds like a scam? Can stocks like this been purschased like this before they go IPO? Is it common to wire the money to a different company?

I'm very sceptical, but my gutfeeling is good. I just need your thoughs about above, does this sonds like a scam or not?

Aug 16, 2018 7:36 pm

Anyone that can confirm or advise on this please? I'd love to hear from you

Jan 19, 2019 2:33 am

I invested $5000 USD with Kingsman Investment and am in the process of retrieving some or all of it. They mentioned something about only being able to withdraw in minimum share lots as these were discounted lots. Will see how i go and let you know.