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Devere Group's reply to:

Devere Group review in Dallas, Texas: Devere tactics akin to Boiler Room Scams

As the most regulated independent financial consultancy in the world, deVere Group strictly adhere to international regulatory laws. By partnering with some of the world’s most respected investment providers, deVere are able to provide clients with trusted financial products helping them to achieve their financial goals and aspirations. Working in financial services can be hard but very rewarding; we provide full training turning our advisers into fully qualified financial planners gaining CISI qualifications.
Review
#298229 Review #298229 is a subjective opinion of poster.

A Boiler Room Scam is a type of malicious business activity where a "˜company' uses high-pressure sales techniques to sell "˜sure thing' investments with the promise of massive returns, (sounds just like a company we all know).

A Boiler Room Scam can look and sound totally legitimate, as they typically mention companies that one can easily relate to. They also provide their UK address or telephone number, and a professional-looking website is a must.

They are also usually notoriously persistent, and can even chase a victim for months in the hope of a sale. What they will be selling is predominately very costly FRONT END policies in often quoted companies.

Boiler Room Scam operators generally cold-call their targets, (sound familiar) using phone numbers from publicly available shareholder lists or LinkedIn. Since it is against the law for investors to cold-call in the UK, they tend to be based abroad (this is where devere are so active abroad), where they are beyond the jurisdiction of the Financial Services Authority (FSA).

Quite simply, they will approach anyone, anywhere at anytime.

The deVere Group conducts their business in similar fashion to above mentioned, they will continue to make sure that all the deVere clients are well & truly stitched up so they have no surplus money to invest with any other company.

As a general rule, remember that if an opportunity sounds too good to be true, then it almost certainly is.

If you think you may have been targeted by said company, you should contact the FSA (immediately),contact centre on +44(0) 845 606 1234. You may also find more information about Boiler Rooms Scams on the FSA website www.fsa.gov.uk. There are many other reliable search engines (goggle) this shows different countries they've been thrown out of for operating without proper licences, no work permits etc. Complaints are rampant.

Devere Group's reply to:

Devere Group review in Washington, District Of Columbia: DeVere (aka Nigel Green) fraud, scam and sexual harassment

deVere Group consultants are not required to pay any office costs. A career with deVere is not easy by any means and is not suitable for the vast range of people. However those that do work hard and offer the best financial advice deVere have become synonymous for, will benefit from a successful career in international financial advice. Commissions are paid weekly and are rarely held up.
Review
#236962 Review #236962 is a subjective opinion of poster.
Devere Group review - DeVere (aka Nigel Green) fraud, scam and sexual harassment
Devere Group review - DeVere (aka Nigel Green) fraud, scam and sexual harassment

Not happy with cheating hundreds of expats out of their hard-earned retirement money by promising high-yielding bogus investments, De Vere is a world-class scammer of unsuspecting new financial consultant recruits.

The recruits are treated to a glossy 'recruitment presentation' and encouraged to ignore all negative postings on the Internet about De Vere scams. Then they are promised the world if they come to work for De Vere:-

£100K to £500K in more or less guaranteed fees

Freedom to work at any De Vere offices worldwide

Free training to qualify as Stockbrokers

De Vere-covered visas and 'assistance' with relocation.

Sounds like a dream? Well, it is - a nightmare! Here is a reality check:-

You will probably earn around £50k to £80K gross from which you will have to deduct:-

a) 20% of your income for your secretary/ co-ordinator;

b) 50% of her accommodation will need to be covered by you;

c) You will need to pay ALL her travelling and relocation expenses (could be expensive, if she is not your wife!);

d) you will need to pay your share of office expenses and ALL costs of your office telephone bill;

e) you will need to cover ALL your relocation and visa processing costs - they will give you no help other than a letter saying that they have offered you a job as an independent;

f) to get to your De Vere office, expect to have at least £20k saved up - you will need it in your first two months;

g) be prepared to wait and wait for your commissions and be prepared for *** after *** why it is delayed!

h) be prepared for prospects cancelling appointments after reading up about De Vere scams on the Internet and be prepared for De vere to blame you for that (isn't life a ***

To find out more about what you are in for if you are *** enough not to listen to what other ex employees have to say about them on the Internet, read the attachment. It has notes on the standard offer letter you can expect from these scammers.

De Vere is in for a name change for sure - why not "BEWARE!"