Investment Fraud by Boiler Rooms
Investment fraud from what are commonly known as "boiler
rooms", is rife. These unregulated firms often exist only on paper as
a front for flogging shares with the promise of extraordinarily
high returns when in reality they may be nearly worthless.
Thousands of investors have been caught out by investment fraud scams where very slick,
convincing and persistent salespeople ring up and verbally bludgeon them
into parting with cash - usually with the line that the investor is getting
in "on the ground floor" and by insisting they hand over cash immediately
or lose out on the "opportunity" altogether.
Boiler Rooms operators are thieves and
scoundrels. They will say anything to steal your money. They have no conscience
and trade illegally.
Trading in stocks and shares is a gamble. We all know that. You gather
information, assimilate it, and make a decision to gamble, based on your
own interpretation of the information that you have collected.
It's called due diligence.
What if, however, you have been fed false information? What if, the people
that you trust to help you make your financial choices, have hidden agenda's?
That is what Boiler Rooms do when they commit stock fraud.
If you are an experienced trader, then you may well be able to spot false
information and weed out lies and deceit, and avoid some of the pitfalls
and traps laid by the underworld to divest you of your hard earned money.
But if you are inexperienced, what then? Boiler rooms will use highly
skilled, highly plausible and highly ruthless people against you? What
then?
And believe me, even the experienced Traders get
caught out too!
This site is dedicated to try and provide some of the information that
these boiler rooms might otherwise try and hide, in order to steal from
you.
It is also dedicated to highlight 'opportunities' that warrant serious
additional investigation on your part, before you part with your hard
earned money.
But we can make no guarantees about what we place on this site. All we
can do is highlight suspicious activity.
The onus is, as always, on you to be especially careful, and to dig deeper.
We can bring you news about another site online to help in exposing securities fraud It is a blog run by St Louis journalist Chris Carey; a long time enemy of the thieves and villains who ply their trade in bogus and shady securities.
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