Racehorse Investments mail should be binned
Graham Green
THE Office of Fair Trading, determined to foil the latest bid by fraudsters to fleece unwitting punters, is urging everybody who receives a mailshot from Racehorse Investments Ltd to "put it straight in the bin."
Members of the OFT's Scambusters team are concerned that as the recession starts to bite, recipients of the high-quality brochure that promises earnings of up to £70,000 a year tax free could be seduced into sending off the joining fee.
The bogus tipsters are understood to be using a mailing list as the punter who alerted the Racing Post, John Buck from Cirencester, Gloucestershire, was among those targeted by the fictitious All England Racing Club 18 months ago, and two operations are thought to emanate from the same source in the Brighton area.
The advertising material contains a family portrait featuring somebody named Alan Stapleton who, pictured with his wife and dog, claims to have won £340,000 since signing up to the Racehorse Investments service six years ago.
But investigation has revealed the photograph is available from a company in Canada which specialises in selling stock pictures.
The supposed head office for Racehorse Investments at 34 Buckingham Palace Road, London SW1 is similarly misleading with a Scambusters investigator saying:
"It is a mailing address that has been used by a lot of fraudsters."
He added: "We are investigating Racehorse Investments Ltd, and believe it is the latest scam to come off the assembly line of a gang that has been operating in this field for some time.
The best thing anybody who gets the brochure can do is put it straight in the bin."
Buck said: "When I looked at the mailshot, it appeared too good to be true, but it is a glossy 12-page brochure and I am sure some people will be taken in by it so the more the fact that it is a scam is publicised, the better."
- racingpost
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