An organisation calling itself Lodore Investment Management, but also seemingly calling itself Lodore Ltd, is carrying out the Lodore follow-on-fraud against people who have already fallen victim to a scam.
The fake organisation is using the identity of a genuine company, Lodore Ltd, which was formed in 1920 !
The scammers have the phone numbers and email addresses of investors in binary option scams which were all the rage around 3 or 4 years ago. One such scam was StratXMarkets which we have covered before. The Lodore scammers are phoning investors telling them that their investment money is held in an escrow account with Cysec (the Cyprus financial services regulator) – LINK. It isn’t – there is no money.
The person making the calls has been described to us as “an idiot who can’t get his story straight”. In other words, a typical low-level conman.
The scammers purchased the domain of lodoreltd.co.uk in December 2020 for a one year term. That’s the minimum period for which you can buy a domain so they are clearly not planning on being around for long. Quite surprising considering the company they are impersonating is 101 years old.
The scam website isn’t too shabby, but it’s still a scam. We won’t publish a link to the website because it won’t be around for much longer.
Here is one of their emails:
Subject: Company information
Thank you for taking the time to speak with us today.
Here at Lodore Investment Management we work with our clients so that you can take back control of your investment. We offer a variety of services to suit your needs whether you wish to grow your investment or find a suitable exit strategy
If you have any relevant documentation, such as sale documents, certificates, receipts etc.. Then please send it in to your consultant.
Our company details are as follows:
Company Check link
101 Euston Road, London, NW1 2RA
3rd Floor, 5 Temple Square, Temple Street, Liverpool, L2 5RA
Please see our website for more information-http://lodoreltd.co.uk
|This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee, you should not disseminate, distribute or copy this email. Please notify the sender immediately by email if you have received this email by mistake and delete this email from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.|
The likelihood is that one of the binary option scammers has either sold the list of investors to a scam group, or is trying his luck himself because times are hard. There’s not so much call for scam salesmen these days because people are being much more cautious about investing in allegedly high-yielding investments.
The Lodore follow-on-fraud is just an attempt to get investors to pay over more money to the people who scammed them in the first place. Do not be taken in by unsolicited phone calls claiming that your investment money is being held in a safe place, no matter what investment you made. It is never true.