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“Alexander Marx - Welcome to My Nightmare”

written by Neil49ers on 18/01/2013

I received a Cold Call asking whether I'd be interested in making 10% interest per year on investments. At the time I had just discovered my Sainsbury's Bank Account was only paying 0.35% on £20k, so I was interested. They said they'd send out a brochure and I'd get a call back.

The investment was in Carbon Credits, and, unfortunately, I hadn't been following the horror stories in the press, or would have immediately said No.

I was bombarded with phone calls (every hour during the day) to get me to invest. I agreed to make a £3k investment, to see whether 10% really could be delivered. That only increased the bombardment.
Foolishly I invested a further £8k.

When the phone calls continued I blew up (I wish I had long before that point) and told them to stop contacting me.

After two months, things started again, until my wife picked up the phone and told them to stop phoning.

A further two months brings us to the start of January 2013, and a phone call to say my investment was delivering 10% increase, but to allow it to be purchased I'd need to invest a further £12k to bring it to 'Corporate Level' - I won't be making the investment.

I have contacted Scotland Yard to see whether similar complaints have been made, and am waiting for a response to that.

In the meantime, if you receive a Cold Call from Alexander Marx, put the phone down quickly