Quantcast VCT Share Scam Warning | Downing
VCT Share Scam Warning

We have become aware that a significant number of shareholders of VCTs managed by both us and other VCT houses have received unsolicited telephone calls from persons purporting to be acting on behalf of a client who is looking to acquire their VCT shares at an attractive price. We believe these calls to be part of a “Boiler Room Scam”.

Typically the caller says they are calling from the US and, if the shareholder wishes to proceed, will then send a non-disclosure agreement for the shareholder to sign and return.

Some of the various company names used by the callers have included:

  • Ralston Consultancy Limited (Feb 2017) 
  • Lawson Consultancy Limited (Feb 2017)
  • Drakefield Corporate Partners (November 2016)
  • Langford Consulting Group (October 2015)
  • Whitaker Capital LLC (September 2015)
  • Right Capital Services (September 2015)
  • McMillan Consulting Group (June 2015)
  • West Capital Partners (November 2014)
  • West Consulting (November 2014)
  • Watts Corporate Services
  • Stansell Corporate Services
  • Pacific Ventures Consultancy
  • Northern Capital Consultants
  • Codd and Fisher

 

Shareholders are warned to be very suspicious if they receive any similar type of telephone call. Typically these companies will have websites which, on first inspection, look authentic, however on further inspection may contain obvious errors, have missing information or be extrmemly light on any real content.

 

If you have any concerns, please contact us on 020 7416 7780.

 

Please be assured that we will never release shareholder details to any third party and seek to limit to the maximum extent permissible under the Companies Act 2006 access by third parties to the share registers of our VCTs.

Important Notice

Investing in our products will place your capital at risk and you may not get back the full amount invested. Any tax treatment may be subject to change and the availability and value of the reliefs depend on the individual circumstances of each investor. The availability of tax reliefs also depends on the investee companies maintaining their qualifying status.

Further information can be found at HMRC’s website. Neither past performance or forecasts are reliable indicators of future results and should not be relied upon. Unquoted or smaller company shares are likely to have higher price fluctuations and are likely to be more difficult to sell than shares quoted on the London Stock Exchange Official List. Website content is not intended to constitute investment, tax or legal advice. We recommend you seek independent advice before investing in any of our products.

Important Notice

Downing’s investments place your capital at risk and you may not get back the full amount invested. Past performance and forecasts are not a reliable guide to future results. Tax treatment may be subject to change and depends on individual circumstances. Smaller company shares are likely to have higher volatility and liquidity risks than other types of main market listed instruments. We recommend that you seek professional independent financial advice before investing. We do not offer investment or tax advice.

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