Fidelity: now famous enough for email scammers

Posted by: Aaron Pressman on March 1, 2006

Fidelity Investments has suffered a few embarrassments over the past couple of years as its traders got caught taking expensive gifts, it had to replace managers on several of its biggest funds after poor performance and sales lagged many of its smaller rivals. In case that wasn’t enough, now the firm’s name is even being used by email scammers as a draw for potential suckers. The invaluable Fund Alarm web site (run by Roy Weitz) has posted a copy of a recent scammer’s email that claims to be from not a top Nigerian government official or the cousin of the deposed queen of a mythical Asian country, but from a non-existent Fido manager who claims to have secreted away $22 million by overcharging fund investors. Oy vey, can it get any worse?

Reader Comments

Vincent J. Pentella

July 25, 2006 4:19 PM

Today rec. tel. call. Said I am making a survey lasting 4min. For Fid. Then I said wht proof do I have that you are from Fid. Inv. He said thank you and hung up. VJP Call me.

Yuki

March 17, 2007 10:29 PM

Aaron

I am having very bad esperience with Fidelity Investments. They have restricted me from purchasing Fidelity mutual funds because according to them I have exchanged mutual funds too often even though I have rarely been forced to pay 90 day fees.

I have a few accounts with them and they restricted me on all of my accounts. They seem to dislike my mutual fund trading style because I rarely pays short term redemption fees by buying and selling same mutual funds but on different accounts. They always try to suck me trading individual stocks where they can generate fees.

So I argued with their compliance officer and even complained through a benefit officer of my company who includes Fidelity Investment as a retirement security firm. I told them to watch their own traders who receives kick backs rather than small investers like me.

And the other day I received a notice from IRS that my 1099 figures does not much the ones reported from Fidelity even though I downloaded figures from them via Turbo Tax. The branch of IRS who sent me the notice is Cincinnati, OH where Fidelity has deposit facility.

There are more interesting stories which I suspect originated from them but I will leave them later.
Please keep your eyes on them.
Thank you for your article.

Ellen

June 2, 2007 11:06 AM

Received this in email. Assume it is bogus.

Attn: I am Mr Tim McCarron,Funds Manager of Fidelity
Investment International.
The World's largest independent investment management
organisation;with over $1.2 Trillion Capital
Investment Funds.Neverthless, as Fidelity Funds
Manager, I handle all our Investor's Direct Capital
Funds and secretly extract 1.2% Excess Maximum Return
Capital Profit (EMRCP) per annum on each of the
Investor's Magellan Capital Funds.As an expert,I have
made over $35m from the Investor's EMRCP and hereby
looking for someone to trust who will stand as an
Investor to receive the funds as Annual Investment
Proceeds from Fidelity Magellan Capital Funds.All
confirmable documents to back up the claims will be
made available to you prior to your acceptance.
Meanwhile,I have worked out the strategies and
technincalities whereby the funds can be claimed in
any of our 6 Clearing Houses without any hitches.Our
sharing ratio will be 65-30 while 5% will be for
expenses during the process of the transaction,and in
incase you are interested,do email me your direct
telephone number so we can discuss this transaction in
further details.

Sincerely,
Mr Tim McCarron.
Funds Manager Fidelity
Investment International.

www.fidelity.co.uk/wealthmanager/funds/europe/oeicsandunittrusts/european.html

www.fidelity.co.uk/wealthmanager/fundmanagercvs/pdfs/TMcCarron.pdf

Paul Smith

June 14, 2007 9:25 AM

Hmmm.... Tim offered me a 50-50 deal. Perhaps I should take a stupid pill and try to contact him.

Patrice

July 26, 2007 1:44 PM

...and here i thought i was someone special - i just received Tim's 60:40 offer through my university account! and the total is now up to $65M that needs to be laundered - and he trusts me to keep the business deal confidential - wow.

Jessie

August 7, 2007 1:45 PM

Here is the one that got sent to me, and this is the second time this month:

My greetings to You,

I Have A Request That Made Me To Contact You,I Am A Fund Manager with Fidelity International Investment Limited (UK) with assets under my care in excess of £224 million.My name is Mr.
Richard Thompson

My Request: I handle all our Investor's Direct Capital Funds and secretly extract 1.2% Excess Maximum Return Capital Profit (E.M.R.C.P) per annum on each of the Investor's Magellan Capital Funds. As an expert, I have made over 16.8M G.B.Pounds from the Investor's E.M.R.C.P and hereby looking for someone to trust who will stand as an Investor to receive the funds as Annual Investment Proceeds from Fidelity Magellan Capital Funds. All conformable documents to back up the claims will be made available to you on your acceptance.

Our sharing ratio is 40:60. If you are interested, please send your direct telephone numbers for an initial confidential discussion.

Awaiting your REPLY,

Mr. Richard Thompson
Fidelity
Investment UK
www.fidelity-international.com

With a real e-mail and everything!

Alfred

August 29, 2007 5:10 AM

Center for Child Reform
06 BP 1960 Abidjan 06
Cote d' Ivoire

Proposal:Finding a NGO's or Company
Project

Assessment:Finding suitable site or area
for the NGO's or COMPANY

Dear Sir/Madam:
We proposed to any interested person who may wish to or wanting to establish a business or an NGO's and Company,we suggest that you come over so that we can get on the ground to establish or extend our CBO's (CCR,Center for Child Reform) to NGO's or run a Company.This is highly profitable and money making in a Country that is just from war.

Our Country (Liberia )is naturally made of several resources,such as gold,diamond,timbers,rubber,palm and dense forest with rich and fertiled soils good for agricultures.

Henceforth,our NGO's or Company can buy gold and sell gold,we can also do gold and diamond mining.We will make more profits and money and we can buy and sell rubber and timbers.Besides,we can run transport or an agriculture project.

We have decided to proposing this project in order to meet the burdens needs of the war affected people as especially their movement,commodity movement to enhence freely.Besides, this project will help facilitate our daily needs supporters.In this regards,the establishment or budget is lied upon your discretion.We assure you that this project will be most viable to accumulating to more profits.

Reference to your proposed expenditure or budget,you won't regret spending any money on this project.As you may know our Country just form war and there is a greater need for Company or NGO's and Projects.

Frank

September 2, 2007 9:53 PM

I recently received the following e-mail from Tim McCarron

AP

September 28, 2007 5:33 PM

Well, I'm stringing this IDIOT along, He contacted me by phone he changed his email at least 5 times...while I keep stringing him along, we're ready to meet... This would be good... Because IF HE SHOWS UP, his ass is grass...

here is the letter originally sent to me:

I am Mr.Tim McCARRON,

The Fund Manager of Fidelity Investment
International.The World Largest
Fund Management Company with over £1.2Trillion Capital Investment Fund.
Neverthless, as The Fidelity Fund Manager, I handle all our Investor's Direct Capital Funds and secretly extracted 1.2% Excess Maximum Return Capital Profit (EMRCP) per annum on each of the Investor's Marginal Capital Fund.As an expert,I have made over £45, 745, 000, 00 from the Investor's EMRCP and hereby looking for someone to trust who will stand as an Investor to receive the fund as Annual Investment Proceeds from Fidelity Marginal Capital Fund.

All confirmable documents to back up the claims will be made available to you prior to your acceptance.Meanwhile,I have worked out the modalities and technincalities whereby the funds can be claimed in any of our 6 Clearing Houses without any hitches.Our sharing ratio will be 50-50. If you are interested,you should send your direct phone number so we could discuss more on phone as regard the transaction, N:B; Do not contact my office number or email, all correspondence must be on this private
box.(timmcarron011@yahoo.co.uk)
Sincerely.

Tim McCARRON
(FUND MANAGER)

jake

October 31, 2007 11:41 AM

I received this version:
I am a Fund Manager with Fidelity Investment UK and I handle all our
Investor's Capital Project Funds that enables me to divert 1.2%
Investors Excess Return Capital Funds to our Magellan Trust Funds Account
whereby anyone can be presented to claim the funds.

On this note, the total sum of £54.745M (Fifty Four Million, Seven Hundred
and Forty Five Thousand British Pounds) has been diverted representing
the 1.2% Excess Return Capital Funds from the Investor Capital Project
Funds for 2005/2006.I need a reliable and trustworthy person that can work
this deal out with me so that we can claim the funds as mentioned above.
There is no risk attached and the funds in question can never be dictated
or traced.

Our sharing ratio will be discussed as soon as I receive your response. If
you are interested, get back to me for more details about the deal.

Do direct your positive response to pin1930@yahoo.co.nz
Sincerely.

Mr.Tim McCarron.

www.fidelity.co.uk/wealthmanager/funds/europe/oeicsandunittrusts/european.html
www.fidelity.co.uk/wealthmanager/fundmanagercvs/pdfs/TMcCarron.pdf

David

November 7, 2007 5:09 PM

I recieved this version today:

Fidelity Investments International
Oakhill house,130 Tonbridge,Hildenborough.
Kent TN119DZ,
United Kingdom.
E-mail
E-mail


I am Mr.Tim McCARRON,

The Fund Manager of Fidelity Investment
International.The World Largest
Fund Management Company with over 1.2Trillion Capital Investment Fund.
Neverthless, as The Fidelity Fund Manager, I handle all our Investor's Direct Capital Funds and secretly extracted 1.2% Excess Maximum Return Capital Profit (EMRCP) per annum on each of the Investor's Marginal Capital Fund.As an expert,I have made over 45,745,000, 00 from the Investor's EMRCP and hereby looking for someone to trust who will stand as an Investor to receive the fund as Annual Investment Proceeds from Fidelity Marginal Capital Fund.
All confirmable documents to back up the claims will be made available to you prior to your acceptance.Meanwhile,I have worked out the modalities and technincalities whereby the funds can be claimed in any of our 6 Clearing Houses without any hitches.Our sharing ratio will be 50-50. If you are interested,you should send your direct phone number so we could discuss more on phone as regard the transaction, N:B; Do not contact my office number or email, all correspondence must be on my private box.
Sincerely.


Tim McCARRON
(FUND MANAGER)

www.fidelity.co.uk/wealthmanager/funds/europe/oeicsandunittrusts/european.html
www.fidelity.co.uk/wealthmanager/fundmanagercvs/pdfs/TMcCarron.pdf

john

December 24, 2007 5:09 AM

Has anyone gone further with this Tim McCarron? What is his goal? Would lvoe to share the £54mio 50-50 he keeps offering.

Harvey

January 11, 2008 3:35 AM

This is the latest McCarron email from this turkey scammer!

-----Original Message-----
From: Tim McCarron [mailto:tim_mccarron@boardermail.com]
Sent: Friday, 11 January 2008 7:06 p.m.
To: tim_mccarron@boardermail.com
Subject: Partnership Request.

From; Tim McCarron.

I feel obliged writing this mail to you. Do accept my apology if this mail
does not suit your personal or business ethics considering the fact that
there wasn't an earlier information regarding my mail. I'm
establishing direct communication with you soliciting for your assistance
and co-operation in a business transaction involving GBP 60 M
(£60,000,000.00) hoping that you will contact me at your earliest
convenience so that we can do this together to a common end.

I'm a Fund Manager with Fidelity International, The World Largest Funds
Management Company with over $1.2Trillion Capital Investment Funds. As a
Fund Manager, I handle Investor's Direct Capital Funds and
extract 1.2% Excess Maximum Return Capital Profit (EMRCP) per annum on
each of the Investor's Magellan Capital Funds. You can view my profile
(more information) with the below web links;

www.fidelity.co.uk/wealthmanager/fundmanagercvs/pdfs/TMcCarron.pdf

Having established this communication, If you can be trusted, you would
then stand in as an Investor to receive the funds as Annual Investment
Proceeds from Fidelity Magellan Capital Funds. I have determined to
work this deal with you if you can do the business. At the moment, I'm
compelled not to issue more details about this business until your
positive response is received. Please take a moment of your time schedule
to read this and send your response. Stay well and keep me posted.

Thank you for your time and attention.

Warmest Regards,

Tim.

Val

February 13, 2008 5:03 AM

I got this one too, but from different person. The message sounds the same as that from Tim.


Fidelity Investments International
Oakhill house,130 Tonbridge,
Hildenborough. Kent TN119DZ,
United Kingdom.

Hello,

Good day.You may be sure that I am very skeptical of this unusual request reaching you from my desk because we have never seen each other.Perhaps you can understand that I chose to email you because email is a fast and strong connective link to the world on issues relating to businesses. I am Mr.David J Bennett, The Fund Manager of Fidelity Investment International.The World Largest Fund Management Company with over £1.2 Trillion Capital Investment Fund.

Neverthless,as The Fidelity Fund Manager, I handle all our Investor's Direct Capital Funds and secretly extracted 1.2% Excess Maximum Return Capital Profit
(EMRCP) per annum on each of the Investor's Marginal Capital Fund. As an expert,I have made over ($42,400,000.00)USD from the Investor's (EMRCP) and hereby looking for someone to trust who will stand as an Investor to receive the fund as Annual Investment Proceeds from Fidelity Marginal Capital Fund. All confirmable documents to back up the claims will be made available to you prior to your acceptance.

Meanwhile, I have worked out the modalities and technincalities whereby the funds can be claimed in any of our 6 Clearing Houses without any hitches.Our sharing ratio will be 50-50. If you are interested,please acknowledge receipt of this message,furnishing me with your actual names and full contact information.I will give you details as soon as I hear from you.

Thanks,
Mr.David J Bennett.

Harnam Shunkumar

March 11, 2008 6:36 AM

Also just received an email from "Tim McCarron". He wants to share 45,7 million pounds with me. WOW!!! I have already submitted my details to him... I have had enough of these fraudsters trying their luck on the internet and emails. I am in the mood for some sport!!!

Luke Paeniu

March 12, 2008 10:34 PM

I received an email from Tim McCarron. He offered to share 45 million ponuds. I will get 30%. I asked him if he could pay my attorney fees of $980.00 but he refused. He referred me to an attorney by the name of Osmond Brown. I did not proceed any further. he told me that he want to use the fund to build a five star Hotel in Tuvalu.

Bruce

March 28, 2008 3:06 PM

Hard to believe! Fidelity Inv makes if VERY DIFFICULT to inherit an account - they want copies of my: passport, social security card, drivers license and a few other doc's - everything one needs to steal my identity! I sent them a noterized signature certificate but, that's not good enough. And, I already have my own account with them! But, for not much longer.
I'm thinking it's time to file a complaint with my state comptrollers office and the SEC. This blog is my first-ever blog and I'm planning some U-Tube and AARP submittals, as well. The pity for them is that I have six figures that I needed to add to my account. BAD BUSINESS

Bill Whedon

April 2, 2008 12:37 PM

I love the fact that all these twits played by the scammer(s) misspell "technicalities" identically. I suggest using the big red "X" at the top of your Outlook. Or, easier, set the spam catcher to discard anything with "technincalities" (their misspelling of choice) in the body.
All the best, God Bless,
Bill Whedon

Mike

April 9, 2008 1:33 PM

His game is obvious. Has anyone been able to teach this chap a lesson? Scam the Scammer? If so I am keen to hear how it went? maybe we can get a deposit from him and donate it to charity

Joyce

April 14, 2008 9:25 PM

I got the same scam spam as Ellen today; 4/14/2008. Wonder if any poor idiot has been sucked all the way in and robed of his life savings. Probably some poor elderly person that is too ashamed to admit it. If ther was any real way to curse these people I would.

Joyce

Gus

June 5, 2008 7:34 PM

Hey, I got this one from Tim on my work email. Spam filter not working too well. All along the same lines. Getting boring.......

Good Day,

My name is Mr. Tim McCarron, A Fund Manager with Fidelity Investment, UK. I handle all our Investors Capital Project Funds which enabled me to divert 1.2% of Investors Excess Return Capital Funds to our Magellan Trust Funds Account where anyone can be presented to claim the funds.

Total sum of Fifteen Million, Seven Hundred and Forty Five Thousand British
Pounds (15.745)BP has been diverted, representing 1.2% of Excess Return Capital Funds from the Investor Capital Project Funds for 2006/2007 fiscal year.

I need a reliable and trustworthy person with whom I can work this deal out so that we can claim the funds as mentioned above.

There is no risk attached and the funds in question can never be dictated or traced.
If you are willing, please send your information and your direct telephone numbers for discussion of this deal in details.

Sincerely,

Tim McCarron\

JD

June 12, 2008 7:20 AM

It is just a different twist on the Nigerian 419 scam..please do not respond to them, they are dangerous people.

Go to: 419eater.com

to learn how to scam the scammers

Kevin

June 19, 2008 8:51 PM

Hi, I received this in my e-mail today i'm in Australia and I thought this goose is really desparate why doesn't he just give up? is he asking for money yet?:

Attn: I am Mr Tim McCarron,Funds Manager of Fidelity
Investment International.
The World's largest independent investment management
organisation;with over $1.2 Trillion Capital
Investment Funds.Neverthless, as Fidelity Funds
Manager, I handle all our Investor's Direct Capital
Funds and secretly extract 1.2% Excess Maximum Return
Capital Profit (EMRCP) per annum on each of the
Investor's Magellan Capital Funds.As an expert,I have
made over $35m from the Investor's EMRCP and hereby
looking for someone to trust who will stand as an
Investor to receive the funds as Annual Investment
Proceeds from Fidelity Magellan Capital Funds.All
confirmable documents to back up the claims will be
made available to you prior to your acceptance.
Meanwhile,I have worked out the strategies and
technincalities whereby the funds can be claimed in
any of our 6 Clearing Houses without any hitches.Our
sharing ratio will be 65-30 while 5% will be for
expenses during the process of the transaction,and in
incase you are interested,do email me your direct
telephone number so we can discuss this transaction in
further details.

Sincerely,
Mr Tim McCarron.
Funds Manager Fidelity
Investment International

Unfortunately it would probably cost him a small fortune to ring me, but because of the time difference NO THANKS, don't want him waking me at 2:00am...

Will be watching him though and see how many more e-mails he sends me.

Dale Browne

July 19, 2008 9:18 PM

Please note email series below.

BEFORE MY RESPONSE:

Tim Investment Inc
United Kindom

Dear Dale Browne,

I am representing the interest of an investor seeking for your cooperation in building a Tourist Hotel or Real Estate in your country. I am sorry if this is not in line with your business. However I need an experienced person like you to assist me to set up and develop the project. On the resumption of the project, you will be made a Director for the role and the assistance you rendered. You will also be entitled to a percentage agreed upon between me (as the representative of the Investor) and you before the commencement of the project.
Your immediate reply will be highly appreciated and I shall give you more information on this project. Please contact me at my private e-mail address: mrtimothy02@gmail.com Thanks and God bless.

Thanking you for your co-operation
Best Regard
Yours Faithfully
Mr.Timothy
AFTER MY RESPONSE:


Dear, Dale Browne.

Thank you for your reply dated Friday, 18 July, 2008, 2:05 PM. I have read and noted the contents of your email. As I told you am representing the interest of a very important client, who happens to be an influential man in the society.

Any organization, person that is willing to handle this investment will be made the DIRECTOR of the investment and 15% will be given to annually from the investment excess capital return fund

EXPLANATION: I have more than 158 Corporate Investors
attached to my PORTFOLIO whose Capital Investment
Funds are been managed and administered by me alone.

As a matter of fact this is supposed to be a round table discussion. If you are interested do forward to me your full NAME, full contact ADDRESS, direct PHONE NUMBERS and a scan copy of your PASSPORT to enable us in earnest towards concluding all transaction.

IMPORTANCE OF THE ID/PASSPORTS AND OTHER INFORMATION
this will help me to create a portfolio on your behalf
during the process. Which all the above information
will be in your file as the DRECTOR. Please confirm your interest to enable me gives you more details, here is an attachment of my international Passport copy.

I would be waiting in anticipation on hearing from you soon

NB: do contact me on my private timconsultantprivate@googlemail.com

Best Regard

Mr. Tim

+447024087734

Chuck

July 22, 2008 2:14 PM

I have been "stringing" Mr Tim along as well...We are at the point where the attornes has been assigned to represent me. Now I get the email that Tim McCarron was in an accident and now has passed away. The attorney..Mr Tony Jeffery..want 500 pounds to set up the bank acct there.

I might have been born at night...just NOT last night.

Claudiu Santa

January 22, 2009 5:03 AM

Mr. Harvey,

I have received the same e-mail as you and made some searches and find it was sent from the following IP: 83.229.87.245.

That is located in Nigeria:
General Information

Hostname: 83.229.87.245
ISP: SkyVision Holdings Ltd.
Organization: Nigeria
Proxy: None detected
Type: Unknown

Geo-Location Information

Country: Nigeria
State/Region: 47
City: Enugu
Latitude: 6.4333
Longitude: 7.4832

Conclusion: It is another type of Nigerian Letter.

marty

April 12, 2009 12:48 AM

I also received the same offer from Tim McCarron saying he was in London and it was dated 4/10/09. He has been at this game for many years. I am happy I found this site!

Leo David

May 24, 2009 6:54 AM

This Tim or Timothy is a good guy after knowing he is been put on the fraud list he keeps on sending mail enticing people. I responded to his mail knowingly that it is a fraud, I even gave him my identity to see how far he can go bluffing people ultimately there is supreme power of God which will deal with him and he shall fall flat face on the ground, never to rise again. May God have mercy on him.

Prasad

June 14, 2009 10:57 AM

Here is a mail from John Stavis. Just responded to his first mail saying the best way is to invest in business ventures as JV partner, and here comes an immediate reply.
When I sent him this link of business week, stopped further communications ha..ha


Dear Friend,


My phone nos: +447624132122


Thanks for your prompt respond to my mail. I want to assure you that this transaction is legal, legit and risk free so you don't have to worry. My word is my bond, i am a very honest person are you honest?. My fear here is trust, Trust in the sense that once this fund gets into your account hope you will not run with the money.


Before i proceed on the details to this transaction i will want to tell you a little experience i had last year. Last year i made about 21 million pounds from fidelity investment and i contacted one Italian Mr. Romeo, we both agreed to work together as partners. Can u imagine at the end of the transaction when the company has approved the fund to his local account, He ran with our money up till now i have not seen or heard from him. He changed his contact phone number and relocated from Italy If not for the encouragement of my dear wife, the shock would have taken my life. I will want you to promise me that you won't sit or run with the fund once it is approve in your name and favor. I will want us to behave like brothers and sisters also showing trust towards each other because trust and love is the major key to success. Since i am in UK you will have to follow every instruction given to you by me so that we won't make any mistake as we proceed.


Let me brief you more in details the nature of this transaction so i need total comprehension:


As a fund manger i have about 158 Corporate Investors attached to my management portfolio whose Capital Investment Funds are been managed and administered by me alone and i send reports to the board of the company every six months. As i earlier told you in my last mail that i made about 1.2% excess profit per investor, which has amounted to about 39.600,000.00 pounds. This fund is floating without any investor tagged on it; the only persons aware of this fund are you and I. I can't claim the fund because according to the law of the company no staff is allowed to be an investor and that is why i need your assistance; I want to place you as the investor to this fund you don't have to entertain any fear because it is 100% risk free.


This is how i plan it to work since all papers are on my table, i will have to open a file in your name and back date it to three years ago and also do all the paper work that will prove you as the original owner and investor. I will issue you a deposit certificate; the deposit certificate proves you to be the owner of the fund. With that deposit certificate you will write to the company through the company lawyer that you want to terminate your contract with them and as a result would want your fund returned to your local account, don't worry i will be with you all through to advise you on how to go about that ok.

If you are still interested kindly let me know so that we can proceed if not kindly let me know too so that so that i look for a more capable hand. Kindly send me your personal mobile number

Thanks,
JOHN STAVIS

Post a comment

 

About

Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

BW Mall - Sponsored Links

Buy a link now!