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Started By
Message
Anybody ever get a phone call from someone selling oil wells?
Posted on 3/21/16 at 9:24 am
Posted on 3/21/16 at 9:24 am
I used to get a fairly regular phone call from some guy who wanted to sell me a piece of an oil well. He said he would send me geological research papers that showed and guaranteed there was oil where they were going to drill.
Considering the price of oil, I'm glad I never fell for this scam.
Finally, I asked him what the minimum investment was. He said, $50,000. I lied and told him I didn't have that much money to invest. He knew my name and I'm not comfortable with strangers knowing how much money I have.
Anybody ever heard of this kind of thing?
Considering the price of oil, I'm glad I never fell for this scam.
Finally, I asked him what the minimum investment was. He said, $50,000. I lied and told him I didn't have that much money to invest. He knew my name and I'm not comfortable with strangers knowing how much money I have.
Anybody ever heard of this kind of thing?
6
Posted on 3/21/16 at 9:52 am to samson'sseed
I have never heard of this type of cold calling, especially at that buy-in price.
He had to have gotten some "qualifying" info from someone. Maybe he had another investor/victim who knew you who gave him your info.
He had to have gotten some "qualifying" info from someone. Maybe he had another investor/victim who knew you who gave him your info.
Posted on 3/21/16 at 11:23 am to samson'sseed
The "Champions Group" called me. I told him I wasn't interested. He still sent me their brochure, but I just threw it in the trash and screened his calls.
Posted on 3/21/16 at 11:47 am to samson'sseed
quote:
Finally, I asked him what the minimum investment was. He said, $50,000. I lied and told him I didn't have that much money to invest.
Posted on 3/21/16 at 1:15 pm to GaryMyMan
Are you saying op is bragging about having 50 thousand dollars?
Posted on 3/21/16 at 1:23 pm to samson'sseed
quote:Whoa, wait! What do you mean, "scam"???? My oil well shares aren't real?!?
I'm glad I never fell for this scam.
Posted on 3/21/16 at 1:37 pm to LSURussian
No, but I got cold called from some Wolf of Wall Street wanna be shop before. I talked to them for like 10 minutes just to frick with them.
Posted on 3/21/16 at 2:36 pm to barry
If I owned some oil wells right now i might be cold calling people to unload those as well
Posted on 3/21/16 at 3:35 pm to samson'sseed
Google gulf coast western and tell me if they are the same company who called you. I have an acquaintance who runs one of their sales/call rooms and it's the biggest scam I've heard of. When you google them, also Google gulf coast western scam and see how many domains they have purchased to keep from getting blasted with this. They still sell millions in fraudulent oil well investments.
My acquaintance is also their perfect employee--spends every dime he makes!
My acquaintance is also their perfect employee--spends every dime he makes!
Posted on 3/22/16 at 7:18 am to TheIndulger
It didn't occur to me that $50,000 was bragging.
Jeez, $50,000 is nothing.
Jeez, $50,000 is nothing.
Posted on 3/22/16 at 7:19 am to JoseVargasTX
He never identified what company he was working for.
Posted on 3/22/16 at 7:29 pm to samson'sseed
I think my brother in law fell for an oil well scam a few years back.
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