TRANS-NATIONAL SECURITIES AND TRUST
Would all former clients of Trans-National Securities and Trust of Zurich, Switzerland, please make contact to help in an investigation and possible recovery of money lost by former clients.
An associated company, Price Richardson, operating in Manila in the Philippines, is under investigation for operating a "boiler room". When Trans-National closed, they apparently referred all their clients onto Price Richardson.
Would anyone who knows of the present and past activities of the former managing director of Trans-National Securities and Trust, Mr. Michael Shumak, formerly of Toronto, Canada, also make contact.
Update: There is now a significant legal action in Zurich claiming that Trans-National and Credit Suisse are jointly responsible for the clients losses. The lawyer for Trans-National has objected to the suggestion there is a link between Trans-National and Price Richardson.Contact details:
Mr. P. Morjanoff,
P.O. Box 4103 North Curl Curl,
Australia 2099.
E-mail: morjanoff\\yahoo.com.au
I WRITE WITH REFERENCE MY RELATIONSHIP WITH TRANS-NATIONAL
SECURITIES AND TRUST CO SA BIRMENSDORFERSTRASSE 140, CH-8003,
ZURICH, SWITZERLAND AS AN INVESTOR SINCE JANUARY
2000.
IT ALL HAPPENED WHEN ONE DAY A GENTLEMAN CALLED MICHAEL COLLE CALLED
ME ON THE PHONE AND ASKED WHETHER I WAS INTERESTED IN INVESTING THROUGH TRANS-NATIONAL
SECURITIES AND TRUST CO S.A.
HE ADVISED ME THAT THEY WERE A PROFESSIONAL TEAM HAVING THE INSIDE EDGE
IN RETRIEVING CRUCIAL INFORMATION OF ABOUT THE PROGRESS OF VARIOUS COMPANIES.
HE SAID THAT HE WAS PRESENTLY HOLD A LARGE BLOCK OF SHARES OF A
COMPANY ( US: SAFF) BOUGHT AT A PREFERENTIAL PRICE AND THAT HE
COULD RESERVE IT FOR ME , IF I WAS INTERESTED.
I WAS PUT ON ALERT AS TO WHY HE WANTED ME TO BUY AND QUESTIONED
HIM . HE SAID THAT HIS COMPANY WAS INTERESTED IN BUILDING AN
INVESTOR BASE AND THAT THEY WERE LOOKING IN TERMS OF A PROFESSIONAL
RELATIONSHIP TO GROW WITH .
STILL I WAS NOT CONVINCED DESPITE SEVERAL CALLS.
THEN ONE DAY HE COURIERED ME ALL THE ACCOUNT OPENING FORMS , I WAS MILDLY
SURPRISED TO NOTE THAT METHODS OF PAYMENT INSTRUCTED ALL PAYMENTS
TO BE MADE TO
CREDIT SUISSE, BIRMENSDORFERSTRASSE 140,CH-8036, ZURICH, SWITZERLAND
SWIFT CODE CRESCHZZ 80Z,
FOR THE CREDIT OF TRANS-NATIONAL SECURITIES AND TRUST CO SA
ACCOUNT NO.. 0563-115736-92 QUOTING REF ‘’TEMP-11292’’
NATURALLY I WAS CONVINCED THAT THIS COMPANY WAS DOING LEGITIMATE BUSINESS
SINCE A BANK LIKE CREDIT SUISSE WOULD HAVE THOROUGHLY INVESTIGATED THE
PROFILE OF THE COMPANY BEFORE OPENING AN ACCOUNT FOR THEM.
SO THE NEXT TIME MICHAEL COLLE CALLED ME I SHOWED HIM INTEREST IN INVESTING
WITH THEM . HE ADVISED ME THAT HE HAD BOUGHT 250 SHARES OF US:
SAFF AT USD 11.50 (TOTALLING TO USD 2875.00 AND INSTRUCTED ME TO
REMIT A SUM OF USD 3000.00.
ON 5FEB2000 I REMITTED BY TELEGRAPHIC TRANSFER A SUM USD 3000.00
AFTER THAT FOLLOWED VARIOUS ACCOUNT OPENING FORMALITIES AFTER ALL OF
WHICH I WAS ADVISED THAT FUTURE REMITTANCES TO THEM SHOULD BE SENT TO
CREDIT SUISSE, BIRMENSDORFERSTRASSE 140,CH-8036, ZURICH, SWITZERLAND
SWIFT CODE CRESCHZZ 80Z,
FOR THE CREDIT OF TRANS-NATIONAL SECURITIES AND TRUST CO SA
ACCOUNT NO.. 0563-115736-92 QUOTING REF ‘’871155-82
OR TO
CREDIT SUISSE, BIRMENSDORFERSTRASSE 140,CH-8036,ZURICH, SWITZERLAND
SWIFT CODE CRESCHZZ 80Z,
FOR THE CREDIT OF ACCOUNT NO. 0563-871155-82
THESE DETAILS WERE SENT UNDER COVER OF A LETTER SIGNED, MANAGING DIRECTOR
TRANS-NATIONAL SECURITIES AND TRUST CO SA,
THEN TO MY HORROR ONE DAY I FOUND THAT THE PRICE OF CALLMATE
US: SAFF PLUNGING , WAS WORRIED AND CALLED THEM . THE CHIEF
DEALER ASSURED ME THAT WAS A TEMPORARY SITUATION AND
THAT IF I WAS CONCERNED THAT HE WOULD SWAP MY INVESTMENT TO ANOTHER
COMPANY THAT THEY HAD IDENTIFIED (US: ESSM) , I TOLD THEM TO GO AHEAD.
A FEW DAYS LATER I GOT A CONFIRMATION STATING THAT I
NOW OWNED 600 SHARES OF ESSM AT USD 4.75 AND ALSO CONFIRMED
THAT THE BALANCE MONIES WERE AT CREDIT SUISSE
A FEW DAYS LATER I WAS ANXIOUS TO KNOW DETAILS OF MY ACCOUNT WITH
CREDIT SUISSE AND WHEN I QUERIED I WAS SENT BY POST A COPY OF MY
ACCOUNT DETAILS.
THEREAFTER I WAS AT PEACE OF MIND TILL RECENTLY WHEN I RECEIVED A LETTER
FROM PRICE RICHARDSON, 31ST FLOOR, CITIBANK TOWER,8741 PASEO DE ROXAS,
MAKATI CITY 1200, PHILIPPINES .
THAT WAS WHEN I THOUGHT I MUST CHECK ON MY INVESTMENT, MY
CALLS TO TRANS-NATIONAL AND PRICE RICHARDSON WERE
NEVER ANSWERED, EVEN THE STOCK IS NOT QUOTED ON THE EXCHANGE,
THAT WAS WHEN I SEARCHED THE INTERNET FOR INFORMATION AND CAME
ACROSS YOUR NAME.
PLEASE HELP ME TO RECOVER MY MONEY ADVISE ME COURSE OF ACTION
REGARDS
RIZVI MANSOOR 09/12/03
[Up] [Price Richardson]
