This company Crown Capital Management, contacted me first time towards end of 2012. They recommended an investment in a company International SX Industries Inc from end 2012 until February 2013 I bought totally 150,000 shares at average 1EUR per share, so totally 150,000EUR in three trades. They promised great returns. Anyway nothing happened always excuses and delays. So money is lost, gone with the wind. They are contacting me about once a year with some ways, new stories, to get my investment back, but nothing that has seemed logical.
Last couple of weeks (September/October 2017) they still have the guts to call and are asking me to pay a 5,5% withholding tax in order to get 3,4EUR per share payout to me in 30 days once the 5,5% withholding tax is paid. The withholding tax would be returned as well at that point. It is claimed to be an “institutional trade of non-tradable shares”, whatever that means, and thus the withholding tax.
My question to them is; why I have to pay the withholding tax to them? It should be paid at source so the buyer of the shares should pay that, or withhold the 5,5%, correct? Or it should be paid to a government, which jurisdiction….? I have not yet got a reply from them.
I think these boys and girls are a bunch of scammers and should be stopped from their activity or what they are doing for good. I also seen that their website no longer is working, as well as their usual e-mails doesn´t seem to be work. Last mail I got form them was from a g-mail address: crowncapitalmanagemen[email protected] on behalf of their usual e-mail.
Be Careful!!! it is too late for me….
Crown Capital Management – Fraud Investment service in South Jakarta, Indonesia.