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FSA issues Birmingham City FC share ‘scam’ warning

The FSA has issued a warning about a possible scam involving an American adviser firm and Birmingham City FC.

The regulator says the company, Campbell & Stewart Advisory Firm, is calling shareholders at the football club offering to pay “over the odds” to buy their shares.

It says the offer is made under the proviso that the shareholder pays an upfront fee to secure the deal.

FSA head of unauthorised business Jonathan Phelan says: “We have had reports that a US company called Campbell & Stewart Advisory Firm is trying to buy the shares of people who have invested in Birmingham City Football Club, providing the customer pays an up front fee first.

“We strongly believe this is a scam and anybody that is approached by this firm, or any other firm with a similar offer, should be very wary indeed. Calls out of the blue that promise a fantastic return on investment are one of the hallmarks of a scam.

“We have been told that Campbell & Stewart Advisory Firm is telling shareholders that they will pay over the odds for Birmingham City FC shares as they wish to mount a takeover bid for the club – in fact this is just a ploy to steal their money.

“Anybody giving money to these firms stands a very real chance of losing it all. If you get a call like this and you’re not sure what to do, please look at the warnings on our website or call us so we can talk you through your options.”

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Comments

There are 5 comments at the moment, we would love to hear your opinion too.

  1. That it is a scam should be obvious, who would want to buy shares in small heath alliance ?
    On a serious note the Premier league’s fit and proper rule must have been drafted by the FSA ! for how much protection it has afforded the blue-noses.

  2. And how is the FSA warning the public?

    Telling MM is as much use as a chocolate fireguard!

  3. Kevin Whittaker 29th May 2012 at 1:22 pm

    I have been approached by a company in Washington offering c£10 per share. Having sold my holding a few years ago I’m not sure what I have to sell. They will no doubt ring again tonight.

  4. I have been approached by Miles Corporate of Seattle by phone and email. They wish to note the number of shares I held before the Yeung takeover and have advised they will pay for shares offered.

  5. Had a very similar offer tonight for my Celtic shares. Have advised Celtic Football Club

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