Nationwide Mergers & Acquisitions Inc.

Nationwide Mergers & Acquisitions Inc have been cold calling potential investors in the UK, which is, in itself, illegal.

Of these potential investors who have come to light, having been called by Nationwide Mergers & Acquisitions Inc, there is sinister trend. They have all been victims of boiler room scams in the past. A typical boiler room scam will defraud investors by selling worthless stocks using very high pressure sales tactics and deceit.

The nature of the calls being placed by Nationwide Mergers & Acquisitions Inc, are to offer to purchase large quantities of worthless shares at a premium price. The catch is of course, that they are seeking a "Refundable Penalty Restriction Fee", which must be paid in advance. The size of the fees being asked for are substantial, but cast against the potential gain being offered, might tempt some victims to try and recover some of their previous losses. If paid, it is highly unlikely that "Refundable Penalty Restriction Fee" will be seen again.

One of the shares thought to being 'acquired' is H-NET.NET. This company did list on the NASDAQ at one time, but are now proving difficult to trace.

There is an ongoing discussion on Nationwide Mergers & Acquisitions Inc at the Boiler Rooms UK forum. If you have been contacted by these people, please register and submit any information that you would like to share, which might shed some light on this organisation.

Whilst we cannot comment directly on this Company, it is recommended that anyone approached by them should do a very thorough due diligence. If you have any doubts, please contact your regulatory authority for advice.