Online trading in Japan for non-residents/double taxation

[ColB]

Warning against Osaka Futures and Options Exchange

Investor warning

Finanstilsynet (The Financial Supervisory Authority of Norway) warns against investment offers promoted by Osaka Futures and Options Exchange.

Finanstilsynet has been informed that Osaka Futures and Options Exchange (address: Hankyu Grand Building, 8-47 Kakuta-cho Kita-ku, Osaka, 530-0017, Japan) has approached Norwegian investors offering investment services. The company also offers services from a website www.ofox.jp/.

Finanstilsynet wishes to make it clear that Osaka Futures and Options Exchange is not authorised to provide investment services in Norway, and therefore lacks the licence required under Norwegian law. The company is consequently not subject to Finanstilsynet’s supervisory oversight, nor has Finanstilsynet approved the services offered by the company. Finanstilsynet therefore recommends investors not to enter into agreements with or transfer assets to Osaka Futures and Options Exchange.

Finanstilsynet's registry (http://www.finanstilsynet.no/registry) gives details of all companies authorised to offer investment services in Norway. A list (not complete) of companies operating in the market without a licence can be found on Finanstilsynet's website (http://www.finanstilsynet.no/markedsadvarsler/).

Created 11.11.2010 Edited 11.11.2010

http://www.finanstilsynet.dk/en/Nyh...ainst-Osaka-Futures-and-Options-Exchange.aspx

Footnote: It should be noted that on the basis of information highlighted in the previous posts that it would appear that Rothman Global have NO involvement in the alleged scams by Osaka Futures and Options Exchange

 

[Tiblanc]

Hi Jack,
I lost a lot of money too and I'm ready to do whatever is necessary to catch those guys. Let's cooperate all together.
Keep us informed.
Regards,
Tiblanc.

Dear All
Ok, my story in short, I lost money and now I'm very angry!

Looking after some details, we can locate these guys. But we should not write in the forum.

Together we can be strong!!!

I need some confirmation first; I need the target account of the bank you have made the transfers,
Please send me your Bank names and locations, I will follow with some more Information later. We have to take in account that this nice people will also read these lines in the forum.

Thanks for your cooperation!
regards,
Jack

 

[ColB]

''Cold Calling''-Investors Alert

Osaka Futures and Options Exchange
Hankyu Grand Building, 8-47, Kakuta-cho, Kita-Ku, Osaka 530-0017
http://www.ofox.jp

Merit Corporate Finance
24F Hankyu Grand Building, 8-47 Kakuda-cho, Kita-ku, 530-0017 Osaka, Japan
TEL: +81-6-4560-4006
http://www.meritcorpfinance.com

The website for Merit Corporate Finance
http://www.meritcorpfinance.com/ contains the rather fancy key phrases:

"Strategic evaluations and competitive financial analysis. The identification of value drivers and the completion of a valuation and sensitivity analysis."

Others to have used such phrases include:

William Smith Partners (former website williamsmithpartners.com ) who stated "Strategic evaluations and competitive financial analysis. The identification of value drivers and the completion of a valuation and sensitivity analysis."

Penn Capital Management Ltd (former website penncm.com ) who stated "Strategic evaluations and competitive financial analysis. The identification of value drivers and the completion of a valuation and sensitivity analysis."

Oriental Consolidators (current website orientalconsolidators.com ) who state "Strategic evaluations and competitive financial analysis. The identification of value drivers and the completion of a valuation and sensitivity analysis."

William Smith Partners, Penn Capital Management Ltd and Oriental Consolidators already appear on the FSA's warning list of Unauthorised overseas firms operating in the UK:

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overs...

Please use the following form such that Merit Corporate Finance will appear there in due course:

http://www.fsa.gov.uk/Pages/Doing/Regulated/Law/Alerts/form....

PD

Source: http://boards.fool.co.uk/the-website-for-merit-corporate-finance-11948527.aspx

Unauthorised firms reporting form

Useful contacts
A wealth of information and tools to help you understand and manage your money better

Unauthorised overseas firms often target UK Consumers and offer to sell shares (or options or futures) to them or to buy shares from them.
If you have been contacted by an unauthorised overseas firm in this way, it would be of assistance to the FSA if you would provide some information on your dealings with that firm. Please note that once submitted, we will only contact you again if we require any further information from you.

If you have been contacted by more than one firm in this way, we would be grateful if you could complete a separate form for each organisation which has contacted you.

See follwing URL for further details:

http://www.fsa.gov.uk/Pages/Doing/Regulated/Law/Alerts/form.shtml

 

[Vbembaron]

Hi Jack and Snede,

I would be interested to hear more from you about how to track these guys. Looking forward to hearing from you.

Best regards, Vincent

Hi Jack......and welcome to "the place of pissed investors"!

I was hit hard....and besides the loss, I hate the feeling that they (read: Criminals,.. low people without heart and soul) are sitting somewhere drinking expensive wine, just planning the next scam.....what a sorry way to live a life, concrats to your all!!
I am in.....I do not care for how long, I have plenty of time.....and if I can make them pay somehow, I will!
I have different information, of course....any suggestions, how to share effectively?
Regards Brian "Snede"

If you rub a bank, you get years....you guys have done worse, so get ready...!......remember "scammers" judgement day will arrive sooner or later....we all have to pay someday somehow...if not from my hand, then from someone else!!

 

[Tiblanc]

How to catch them?
Here are the funding instructions that I received from OFOX on Sept. 17th:

OFOX
FUNDING INSTRUCTIONS
BENEFICIARY NAME: TRADEHOUSE LIMITED
BENEFICIARY ADDRESS: 255 – 257 DES VOEUX RD CENTRAL
SHEUNG WAN
HONG KONG
BANK: HONGKONG AND SHANGHAI BANKING CORPORATION
BANK ADDRESS: HAY WAH BUILDING,
71 – 85 HENNESSY ROAD,
WAN CHAI
HONG KONG
SWIFT CODE: HSBCHKHHHKH
ACCOUNT NUMBER: 813 372 646 838
Reference Code RG0917YG
(Message to Bank OR
Special Instructions OR
Customer Reference OR
Additional Payment Information Details/
Type/Purpose/Reasons of Payment)
DISCLAIMER: This document contains proprietary information some of which may be legally privileged. It is for the intended
recipient only. If an addressing or transmission error has misdirected this document, please notify the author by replying to it. If
you are not the intended recipient you may not use, disclose, distribute, copy, print or rely on this document​

 

[tco679]

Hi all,

In this case, all the victimes please contact the Belgian Federal Police .
U can email me at tim.cools@fccu.be

Thanks,

 

[Amd1480]

Hi everyone and specially Amd1480 form Germany,
I am also from Germany and they get me too. Exactly the same names which are mentioned here, make the Deal.
I hope they get them all and put all together on Fire this Son of Bitches.
I Know that people who do bad things get all back.
Only our Money is gone.
Amd1480 if u would like to call me or i u.Tell me.
Peace everybody

paulinho

Hello everybody,
Hallo Paul, Hallo Stephan
Somehow I was not informed that anybody has answered me or post anything in this thread, anyway….
After I post in this forum, I tried to get help by the police. Unfortunately they told me that, such cases are not in there functional responsibility and they cannot help me…!!!!!
I dont think that is a good idea to post a details information about these scammers in a forum.

For the people comes from germany and lost there mony, you could contact me at Find_Ofox_Scammers@yahoo.de

Good luck all of us

 

[Joey2003]

Hello,

I am a Dutch resident and the same happened to me in May/ June 2012
I was scammed by by the Osaka Exchange on the site the www.ocex.org
there was a trading advice group in between www.ofm-group.com from Tokyo.

It is the same organisation as OFOX who scammed some of the members last year and the year before. All the same ****, double taxation application was used to delay the proces of finding out!

I lost all my savings. I hope other people will be more fortunate then I was.

I is amazing that this organisation has been doing it for years appearently and they just keep doing it. Police or Fanancial authorities can't get them obviously.

I found out about the scam a few days after I had transferred the money. I tried to block the bank account, but there was no cooperation from my bank nor the bank where I had transferred the money to. The whole proces of blocking it took me over 3 weeks!

I had transferred my money to a (fake) clearing house in HK, It was an account at the HSBC in Hongkong. I contacted the branche office in Amsterdam, to block it, (since it ussualy takes a couple of days before it is added to an account) but they forwarded my request to the HSBC office in London to investigate it. 10 days later theyreplied me that I should ask my bank to make this request directly to the bank in Hongkong. (of course the money was gone by then!)

Anybody else transferred money to the HSBC? (If you did, then I suggest we sue the HSBC for cooperating with criminals, they should at last be more strickt in their procedure of opening a bank account)

Anyway.... I feel stupid that I lost my money in this scam, but it was very proffesional, otherwise there would not be so many victems at this site!


Joey