Sterling Financial Corporation
- A Boiler Room Slopper

Sterling Financial Corporation have been cold calling UK investors, trying to persuade them to part with shares which are worthless.

Cold calling UK investors without the approval of the FSA is illegal in itself, but when Sterling Financial Corporation try and purchase shares in a Company like Slender Life, which has originally sold through Boiler Rooms itself and are completely worthless, then you have to ask questions as to why they are willing to pay a huge premium to do this?

The answer is that they will, in all likelihood, take the bond that they ask you to pay to release the funds and keep the money. It is a classic secondary stock fraud, whereby victims of previous scams are contacted with a highly pressurised yet highly credible story that a takeover is occurring, and an interested party needs to quickly get their hands on a large chunk of stock.

It is all bunkum of course.

A study of the Sterling Financial Corporation web site, reveals that the site was incorporated in the Philippines late last year. This tends to suggest that claim on the site that the copyright dating back to 1996 is the figment of someone's imagination. The contact details for the website are also suspicious.

Furthermore, it appears that chunks of text from the web site have been directly copied from that of a legitimate financial house.

The advice has got be be to treat this one with great care.

There is an ongoing discussion on Sterling Financial Corporation at the boiler rooms UK forum.