What is the Boiler Room Scam
Firm Activity: Boiler room scam is group of scammers who running illegal firm to sell fake stock / shares for nonexist running companies to people in Europe, Australia and specially in UK "United Kingdom" because as they say people in UK waiting for the call because they are greedy and want to make more money... O.K.So What about USA? No they don't target USA that much as the boiler room scam started before 40 years ago and USA was the first target and now most of Americans know this type of scam.
The Boiler room Scam's Attack: The tools of the fake stock market which is most of scammers use to do as its work effective with them...
They will call you around 3 times within one week first time to act they call you before to do teaup and find the best time to call you back when you'r free, again they call you to explain to you what investment they got, third time they call you to tell you they got fantastic news and let you write down stock / shares name and the investing website so you can get look onto it, once the victime accept the investment they will send you paper works to sign and to pay by for there bank account.
How to be in the safe side of Stock Scam:
- As much you wish to be wealthy they can hunt you easy, they draw very wealthy feature to you.
- DONT TRUST any phone call from someone you don't know especially when its about investment (advice nor asking for your money).
- If you buy stock / shares once they won't leave you before they suck your blood and know you empty, they keep calling you telling you the prices will rise rise rise buy now you losing by not buying, then the victime pay and take loans to buy as much as he can to make lot of money but finally he getting sucked by the scammers.
- If they show you the stock or the shares symbol on bloomberge www.bloomberge.com or yahoo stock or on any famouse site DONT TRUST, its all fake stock for fake companies.
- If you found the investing company on reuters.com www.reuters.com DON'T TRUST.
- If you found they telling you they are calling from Switzerland or any where and they give you landline number with country code Dont Trust its converted phone lines and most of these scammers are in USA, Spain, Bangkok, Dubai or any other countries. they don't use true or real landlines at all, all via VoIP even they can show any number they like on your caller ID.
- If they send documents via DHL, FedEx, Aramex or any other freight company and ask you to sign + or/ Fax it DON'T TRUST.
- To be sure of fake / scam or true investing firm check there website and view the page rank of this website via Google toolbar pagerank utility.Below Example of Fake and scam investing site reported by FSA in UK >>>
Reject to invest in any webstie with less than 5/10 Pagerank degree as that mean the website running more than 2 up to 3 years and its sound good between people, also dont forget to search the domain name of the investing site on google without adding http://www. on the name of the domain.com
- Dont be afraid if they send you the fax of the agrement to sign and you didnt, they will talk to you like lawyers to tell you that you are diong crime by not signing these documents and not begin paying the amount of the shares. They can tell you as well they calling from the FBI.
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3 comments:
In truth we do need to talk to strangers and sometimes even trust people we do not know. If we couldn´t do that the world would stop. If approached to buy something seek advice in your own country from someone who could give an impartial and honest opinion of the proposal. Not jumping into things two feet first and not being afraid to ask people around you for advice is the best way to avoid becoming a victim of a scam. Seek advice from an IFA, bank manager or lawyer depending on what you need clarification on.
Not everybody is a crook and thank goodness for that.
Dear Admin,
Do you happen to have any databases from these boiler rooms? please let me know.
yes i do
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