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Scam: National Rate Service
June 25, 2023
9:53 am
kesa
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https://www.nationalrateservice.comScreenshot-2023-06-25-at-12.52.36-PM.png

too good to be true?

anyone ever deal with them?

June 25, 2023
10:07 am
Rail Baron
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When I typed this outfit into Google in quotes, and added "Toronto", only two links came back. One was the web site that you have shared. The second link was to a site in Russia that I was not going to click on to open up.

Is that a coincidence?

June 25, 2023
10:16 am
Dean
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.
I site in Russia, you say

What could go wrong ❓ sf-wink

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

June 25, 2023
10:26 am
kesa
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now it gets even better. there is no 100 King St W at "M6K 1J7”?

June 25, 2023
10:35 am
Rail Baron
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kesa said
now it gets even better. there is no 100 King St W at "M6K 1J7”?  

May I be so bold as to enquire how you found this outfit to begin with?

June 25, 2023
10:57 am
Norman1
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100 King Street West in Toronto is First Canadian Place, a 72-floor tower in downtown Toronto.

Scammer is trying to use that address to establish credibility.

In contrast, the postal code M6K 1J7 is in the Beaty Boulevard Park area around 1575 King Street West.

This garbage looks like another incarnation of the earlier GIC Trust scam:

Our website is an online source for information on GIC's, Term Deposits & Government Bonds and related Investment products.

We pass the data provided by you on the online forms to relevant third parties who will contact you in relation to investment products matching your requirements. We are not authorised to give advice and we are not liable for any financial advice provided by or obtained through a third party.

nationalrateservice.com is a trading name of 1000543311 ONTARIO CORP.

June 25, 2023
11:16 am
The Rock
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Dean said
.
I site in Russia, you say

What could go wrong ❓ sf-wink

    Dean

  

All deposits guaranteed by Putin himself.

June 25, 2023
11:19 am
Norman1
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The domain name nationalrateservice.com is registered through the registrar WebNic.cc, a business name used by Web Commerce Communications Limited.

WebNic.cc's site lists an address in Singapore.

June 25, 2023
12:44 pm
kesa
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Rail Baron said

May I be so bold as to enquire how you found this outfit to begin with?  

Social media.

June 25, 2023
1:18 pm
Rail Baron
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kesa said

Social media.  

That makes sense.

June 25, 2023
2:41 pm
Dean
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.
Peter may want to consider adding the word 'Scam' to the title of this thread.

Just a thought sf-smile

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

June 25, 2023
3:17 pm
Doug
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kesa said
https://www.nationalrateservice.comScreenshot-2023-06-25-at-12.52.36-PM.png

too good to be true?

anyone ever deal with them?  

Those are in the realm of reasonability, but my issue is the lack of transparency and accountability with that brokerage. We don't have a legal entity or easy to find contact information; just a brand name.

For the bond, what sovereign country is the issuer of that bond rate? What's the term, and what are the conditions of it?

For the bank bond, is it a bond or a debenture, what are the terms?

It would be best if they actually named their list of issuers publicly, as many deposit brokers do, but not necessarily tying them to specific issues.

Edit: That said, the biggest red flag for me is the links to the Privacy Policy and Terms of Use, which include Outlook 365 safelinks stanzas prepended to them, and the former of which links to a free Privacy Policy online generator tool.

I'd also suggest Peter remove the hyperlink to the site, just to be safe, and mention the site domain name in bolded plain text rather than as a hyperlink.

Cheers,
Doug

June 25, 2023
3:19 pm
AltaRed
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There is an awful lot of sophisticated "too good to be true" offerings out there in the marketplace. People getting caught left and right such as https://www.highinterestsavings.ca/forum/credit-card-reward-programs/plastk-visa-credit-card-holders-are-out-thousands-of-dollars/ There is almost always a catch with new players that have no reputable backers or history. Run, don't walk, from a potential/likely heap of trouble.

September 29, 2023
4:34 pm
kesa
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careful everyone, this scam is back!

https://www.nationalbondexchange.com/comparison/

September 29, 2023
6:27 pm
althisa
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Norman1 said
100 King Street West in Toronto is First Canadian Place, a 72-floor tower in downtown Toronto.

Scammer is trying to use that address to establish credibility.

In contrast, the postal code M6K 1J7 is in the Beaty Boulevard Park area around 1575 King Street West.

This garbage looks like another incarnation of the earlier GIC Trust scam:

Our website is an online source for information on GIC's, Term Deposits & Government Bonds and related Investment products.

We pass the data provided by you on the online forms to relevant third parties who will contact you in relation to investment products matching your requirements. We are not authorised to give advice and we are not liable for any financial advice provided by or obtained through a third party.

nationalrateservice.com is a trading name of 1000543311 ONTARIO CORP.

  

According to the Ontario Business Registry 1000543311 ONTARIO CORP in non-compliant in filing. The registered corp may have no connection to the scammers, but another Red Flag!

https://www.appmybizaccount.gov.on.ca/onbis/corporations/viewInstance/view.pub?id=280aa9d4fbca6577ccb365bb8f57e85a059fee8143c63ae5264d240155bdd444&_timestamp=5217062904473148Screen-Shot-2023-09-29-at-9.25.19-PM.png

April 26, 2024
2:02 pm
kesa
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I’m pretty sure I recognize the Schroders name from the links above!

"A 24-year-old man has been arrested after a Toronto resident lost over $200,000 in an alleged investment scam that impersonated a global investment company.
Toronto police said the suspects allegedly placed advertisements with internet search engine providers to promote several fake investments.
When the victims clicked on the ad, they were brought to fraudulent investment comparison sites, where they were prompted to enter their name, telephone number, and email address.
“Once the information has been provided, suspects posing as representatives of Schroders Management Inc. will then call victims,” investigators allege. “Suspects will then email fraudulent Schroders prospectuses and application forms to victims.”"

https://www.cp24.com/news/toronto-resident-scammed-out-of-more-than-200-000-in-alleged-investment-scam-1-suspect-charged-1.6863714

April 27, 2024
10:44 am
Doug
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Site is down. Confirmed scam. Recommend a thread lock with a note from Peter or NorthernRaven.

May 7, 2024
5:28 am
kesa
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sadly it appears this scam is back with a number of different URLs, some that appear as ads on this site.

May 7, 2024
7:18 am
Peter
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kesa said
sadly it appears this scam is back with a number of different URLs, some that appear as ads on this site.  

Can you please send me a direct message with screenshot(s) and URLs of the ads? Then I can not only block them on the site but also report them to Google.

May 7, 2024
8:48 am
cgouimet
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The Rock said

All deposits guaranteed by Putin himself.  

And interest payments paid via Trump Inc.

CGO

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