Boiler Room Scams

This is a discussion on Boiler Room Scams within the Educational Resources forums, part of the Trading Tools category; Originally Posted by Ainka In a part you are right, but accounts are no ghosts. It's easy to open and ...

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Old Aug 21, 2012, 9:41pm   #3361
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In a part you are right, but accounts are no ghosts.
It's easy to open and close bank acocunts. Fisher Capital Management had at least 4 bank account over a 6 month period.

Again, not trying to discourage inaction here, but we need to know our enemy and how they work. Fighting them the conventional (western) way is obviously not working, and they know it.

I don't have the solution, but getting the actual names of these scammers would be a start. Fighting them will depend on where they are (which country).
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Old Aug 22, 2012, 3:59am   #3362
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Today the internet has caused the scammers a great deal of problems. There is too much information readily available on the internet. The life span of a boiler room operation is very short. It went from 2 to 3 years to 1 week to 6 months. This has caused the scammers to go for the juggler..Their tactics are meant to exact the most pain as quickly as possible. The secret is the bank and the web url. The police are going after the lower level guys and pressuring to get the big guys. The scammers are now selling high profile stocks, but never purchasing them or deliver them. They bring the money in and switch the customer into illiquid stocks on Frankfurt or Stuttgart or London''s aim or the US electronic bulletin board or Pink Sheets. Not only are the boiler rooms involved in the scam, but the web host and the traders who trade these illiquid stocks for a few weeks to show volume. They can be prosecuted. They will give up who they were trading on behalf of.
Michael

What ever happened with Spiriton Media? Was any action taken in Germany?
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Old Aug 22, 2012, 9:20am   #3363
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Michael Shumak of Transnation Securities & Trust SA. He now is behind a licensed financial advisory in Malta. John Kim an attorney from Toronto is his proxy on the new company. Kim spends his time in Central America but Shumak plays the role of his executive assistant.

Hi folks,
Am i correct in assuming that this Michael Shumak is Michael KASHYN????

Would be great to get response.
Uisi71
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Old Aug 25, 2012, 7:21am   #3364
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Michael Shumak of Transnation Securities & Trust SA. He now is behind a licensed financial advisory in Malta. John Kim an attorney from Toronto is his proxy on the new company. Kim spends his time in Central America but Shumak plays the role of his executive assistant.
Correction: Transnational Securities & Trust SA
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Old Aug 25, 2012, 2:16pm   #3365
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Anybody come across the name Harris Black in the last few years connected to Scams....??
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Old Aug 25, 2012, 4:13pm   #3366
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Apparently so, seems he hangs out in your part of the world.

Home

Jungle Jil: Complainonline.net, The New Harris Black Scam
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Old Aug 26, 2012, 11:40am   #3367
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Apparently so, seems he hangs out in your part of the world.

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Jungle Jil: Complainonline.net, The New Harris Black Scam
What are you implying....?? Very first word of the article mentions Pattaya a place which will certainly never see his footsteps again...
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Old Aug 26, 2012, 2:04pm   #3368
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What are you implying....??
go on jungerns, work those brain cells, do a soduko or maybe a painting by numbers & then see if you can work out the implication.

connection clue #1: SPs = scammers; Harris = ?

clue #2:
? = sc_mmers

Come back when you have got it.
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