Warning Investors Dryden Partners
Regarding market intermediaries (investment and trading advisers, collective investment schemes, brokers, dealers, and transfer agents)
In your pursuit of a trustworthy investment firm, it’s essential to exercise extreme caution, and Dryden Partners should be a name on your “do not engage” list. This company has come under scrutiny by the Dutch Authority for the Financial Markets (AFM), being flagged as a prime suspect in what is known as a boiler room scam. In this comprehensive review, we’ll delve into the ominous world of boiler room scams, expose the modus operandi of Dryden Partners, and lay out the compelling reasons for steering clear of this outfit.
Regulation and Compliance:
A boiler room scam is an insidious form of fraud in which scammers resort to unsolicited cold-calling, employing high-pressure tactics to coax unsuspecting individuals into investing in seemingly lucrative, but ultimately worthless or non-existent shares. These scammers hide behind a web of fake identities, websites, and documents, enticing victims with promises of astronomical returns and minimal risks. In reality, their sole agenda is to swindle your hard-earned money and vanish into the shadows.
Enter Dryden Partners, a noteworthy player in this dubious game. According to AFM, Dryden Partners has been relentlessly approaching individuals without solicitation, offering dubious investment proposals. What’s even more concerning is that Dryden Partners lacks the vital AFM license and a European Passport, signaling a glaring absence of authorization to provide investment services not only in the Netherlands but across all European nations. The AFM is unequivocal in warning consumers against entertaining any overtures from Dryden Partners and encourages reporting any contact with them.
The woeful tales of those who have fallen prey to Dryden Partners paint a grim picture. The following accounts shed light on the unsettling experiences of customers who placed their trust in this entity:
- “They were relentless, convincing me to invest in stocks they touted as goldmines. Their professionalism and charm were impeccable, but once the money was wired, they went off the radar. I received no confirmation or record of my investment, realizing too late that I had been ensnared.”
- “Their persistence and aggressiveness knew no bounds. Even after declining their advances, they guilt-tripped me into believing I was missing a golden opportunity. Adding insult to injury, they peddled blatant falsehoods about their credentials and location. They claimed to be London-based, but a quick website check revealed they were registered in Panama.”
- “These individuals are nothing short of crooks. They wiped out my savings and devastated my credit score. They resorted to fake names and documents to coerce me into signing a contract granting access to my bank account. Upon withdrawal of my funds, they left me high and dry, even resorting to threats of legal action when I sought restitution.”
Products and Services:
Dryden Partners purportedly offers a range of products and services, including investment and trading advice, collective investment schemes, brokerage and dealing services, and transfer agent services. However, a closer examination reveals that these offerings are either non-existent or illegal. Dryden Partners operates with a disturbing lack of legitimate, regulated products or services, relying instead on fake or stolen alternatives to deceive their unsuspecting clientele.
Dryden Partners claims to operate from 1 Canada Square, Canary Wharf, London E14 5AB, United Kingdom. But this address is nothing more than a smokescreen. According to AFM, Dryden Partners’ actual base remains shrouded in mystery, lying outside the European Union. Furthermore, AFM notes that Dryden Partners employs an array of telephone numbers with different country codes, including those from the United Kingdom, Netherlands, Germany, Switzerland, Hong Kong, Singapore, Australia, the United States, the United Arab Emirates, and Japan. These numbers likely serve as decoys, concealing the outfit’s true location.
One notable absence in Dryden Partners is a legitimate customer service department. Instead, they employ a team of salespeople who are adept at manipulation and coercion, leaving customers with no option but to purchase their fraudulent products or services. Once the money changes hands, communication is abruptly severed, and refund requests or complaints are met with radio silence. This entity goes to great lengths to avoid detection or legal repercussions, frequently altering phone numbers and email addresses to stay one step ahead.
In summary, Dryden Partners stands as a textbook example of a boiler room scam that must be categorically avoided. It lacks the essential regulatory oversight and licenses, fails to offer legitimate, regulated products or services, and relies on deception, employing false identities, websites, and documents to swindle clients. Dryden Partners exhibits a pattern of cold-calling and coercing clients into investing in worthless or non-existent shares, leading to financial ruin, credit score damage, and even threats of legal action. In a relentless game of hide-and-seek, they continually change their location and contact details to evade the grasp of justice.