Caution Investors Dryden Partners – Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
Dryden Partners: A Boiler Room Scam to Avoid
Overview:
If you are looking for a reliable and trustworthy investment firm, you might want to steer clear of Dryden Partners. This company has been flagged by the Dutch Authority for the Financial Markets (AFM) as a suspected boiler room scam. In this blog post, we will explain what a boiler room scam is, how Dryden Partners operates, and why you should avoid it at all costs.
Regulation and Compliance:
A boiler room scam is a type of fraud that involves cold-calling potential investors and pressuring them to buy shares that are either worthless or nonexistent. The scammers often use fake or stolen identities, fake websites, and fake documents to lure their victims. They also promise high returns and low risks, but in reality, they are only interested in taking your money and disappearing.
Dryden Partners is one such scam. According to the AFM, Dryden Partners has approached people without being asked, to offer them investment proposals. The AFM has also established that Dryden Partners does not have an AFM license or a European Passport, which means that they are not authorized to provide investment services in the Netherlands or in any other European country. The AFM warns consumers not to respond to any offers from Dryden Partners and to report any contact with them to the AFM.
Customer Reviews:
As you might expect, Dryden Partners has received many negative reviews from customers who have fallen victim to their scam. Here are some examples of what customers have said about Dryden Partners:
– “They called me several times and convinced me to invest in some stocks that they claimed were going to skyrocket. They sounded very professional and friendly, but after I transferred the money, they stopped answering my calls and emails. I never received any confirmation or statement of my investment. I realized too late that I had been scammed.”
– “They are very persistent and aggressive. They kept calling me even after I told them I was not interested. They tried to make me feel guilty for missing out on a great opportunity. They also lied about their credentials and their location. They said they were based in London, but when I checked their website, it was registered in Panama.”
– “They are a bunch of crooks. They stole my life savings and ruined my credit score. They used fake names and fake documents to trick me into signing a contract that gave them access to my bank account. They then withdrew all my money and left me with nothing. They also threatened me with legal action when I tried to get my money back.”
Products and Services:
Dryden Partners claims to offer a range of products and services, such as:
– Investment and trading advice
– Collective investment schemes
– Brokerage and dealing services
– Transfer agent services
However, these products and services are either non-existent or illegal. Dryden Partners does not have any legitimate or regulated products or services to offer. They only have fake or stolen products or services that they use to deceive their customers.
Location:
Dryden Partners claims to be located at 1 Canada Square, Canary Wharf, London E14 5AB, United Kingdom. However, this address is false. According to the AFM, Dryden Partners is actually based in an unknown location outside the European Union. The AFM also states that Dryden Partners uses various telephone numbers with different country codes, such as +44 (United Kingdom), +31 (Netherlands), +49 (Germany), +41 (Switzerland), +852 (Hong Kong), +65 (Singapore), +61 (Australia), +1 (United States), +971 (United Arab Emirates), and +81 (Japan). These numbers are likely to be spoofed or redirected to hide the true location of Dryden Partners.
Customer Service:
Dryden Partners does not have any customer service. They only have salespeople who are trained to manipulate and pressure their customers into buying their scam products or services. Once they receive the money from their customers, they cut off all communication and ignore any requests for refunds or complaints. They also block or change their phone numbers and email addresses to avoid being traced or contacted by their customers or by the authorities.
Conclusion:
Dryden Partners is a boiler room scam that you should avoid at all costs. They are not regulated or licensed by any authority, they do not have any legitimate or regulated products or services to offer, they use fake or stolen identities, websites, and documents to lure their customers, they cold call and pressure their customers into buying worthless or non-existent shares, they take their customers’ money and disappear, they leave their customers with no confirmation or statement of their investment, they ruin their customers’ credit score and financial situation, they threaten their customers with legal action when they try to get their money back, and they change their location and contact details frequently to evade detection and prosecution.
If you have been contacted by Dryden Partners or by any other company that exhibits similar characteristics, do not respond to them and do not give them any personal or financial information. Report them to the AFM or to your local regulator and seek professional advice if you have already invested with them. Remember, if something sounds too good to be true, it probably is.
