Crest International Holdings

Crest International Holdings are targeting non US investors in a manner that suggests that they are a boiler room.

Details on Crest International Holdings activities, from information received, are shown below.

Any dealings with Crest International Holdings, should be carried out with great care. Please follow the links on this page and conduct your own thorough due diligence.

A discussion on Crest International Holdings and others is also taking place at the Boiler Rooms UK forum.

We received an email from an investor out side of the U.S. who purchased private stock in FRGOF (First Republic Group of Funds).

Recently the investor was approached by a firm called Crest International Holdings, who proposed to purchase the stock at a 35% gain, IF the investor paid 10% of the value as a ‘de-restriction’ fee.

The restriction is call in the U.S. a 1244 restriction. It applies to private stock owned before a company goes public, and regulates how soon the investor can sell the stock, usually between six months to a year.

THERE IS NO RESTRICTION on selling private stock from one party to another, and therefore NO RESTRICTION FEE necessary to complete that sale. However, in most cases the Company must approve the sale, and often has the right of first refusal.

Therefore any securities firm who tries to charge an investor a ‘de-restriction fee’ is fraudulent.

Please add this company to the list of such firms. To view a list that combines most international securities agencies 'Alerts' naming these companies, please link to

http://www.vcresearch.info/open/forums.asp?TopicId=2564&ForumId=77