Boiler rooms and scammers.

This is a discussion on Boiler rooms and scammers. within the First Steps forums, part of the Reception category; It's a scam for sure. Why would someone sell shares to you for $1 when a hedge fund wants to ...

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Old Jul 6, 2011, 8:17pm   #8
Joined Oct 2006
Re: Boiler rooms and scammers.

It's a scam for sure. Why would someone sell shares to you for $1 when a hedge fund wants to pay $5? Or to look at it another way why would a hedge fund pay $5 when they could buy them for $1?

In any case if they cold called you it's a scam, no further investigation needed.


Quote:
Originally Posted by Toyq View Post
Hi
I am new to the forum. I came across it while checking a company Infinity International Group. Their website is (http://www.infinityintlgroup.com/). They are selling shares in a IPO for a company called Tri eye Design (http://trieyedesign.com/)

To me it appears as a scam. They offering a 5 times return on investment (current share price is $ 1 and they promise that a hedge fund has offered $5 per share)

I have tried to email Trieye Design but all the email are returned. In the past I made a small investment with Infinity and they made a 20% return for me.

Until I came across this site, I never heard of a boiler room. From what I have read, I think Infinity is one.
I would like more experienced member to advise me and to also warn others whom Infinity may have contacted.
btw, they called me, I never made any initial contact with them
I hope this is posted in the right forum, if not mods, please move it.
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Old Jul 6, 2011, 8:20pm   #9
Joined Oct 2006
Re: Boiler rooms and scammers.

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Originally Posted by Splitlink View Post
I am one of those who treat phone salesmen with an automatic hang up. I can't understand how people can talk to strangers on the phone, but I agree with you, they are very good at what they do.

Anyway, if this short thread has served any useful purpose, I will be very pleased because I have been reading about Royal Petroleum and I feel very sorry for those who invested in it. That is what decided me to post here.

Regards Split
The Royal Petroleum scam was indeed pretty bad, I recall two people each recently widowed who had lost 6 figures. The problem was that one of them wouldn't accept it and kept paying them more money to change into different scam shares.
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Old Jul 6, 2011, 8:23pm   #10
Joined Oct 2006
Re: Boiler rooms and scammers.

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Originally Posted by Jack o'Clubs View Post

As someone once said -it's not so much that a fool and his money are easily parted, it's more the miracle that they ever got together in the first place...
That's what I can't figure out. I've regularly heard of people losing 100k plus to someone selling shares in a company that has invented the cure to baldness or aids. How do you gather up 100k whilst being that naive?
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Old Jul 7, 2011, 8:56pm   #11
Joined Feb 2011
Re: Boiler rooms and scammers.

Quote:
Originally Posted by Toyq View Post
Hi
I am new to the forum. I came across it while checking a company Infinity International Group. Their website is (http://www.infinityintlgroup.com/). They are selling shares in a IPO for a company called Tri eye Design (http://trieyedesign.com/)

To me it appears as a scam. They offering a 5 times return on investment (current share price is $ 1 and they promise that a hedge fund has offered $5 per share)

I have tried to email Trieye Design but all the email are returned. In the past I made a small investment with Infinity and they made a 20% return for me.

Until I came across this site, I never heard of a boiler room. From what I have read, I think Infinity is one.
I would like more experienced member to advise me and to also warn others whom Infinity may have contacted.
btw, they called me, I never made any initial contact with them
I hope this is posted in the right forum, if not mods, please move it.
I got caught out with an IPO offering some 18 months ago, it was IncaPacificGold and Mining, you would get a glossy brochure and a believable website, but trust me its all a smoke screen for 'Its your money we want!' Dont get involved, as others have told you.

This outfit say they are from Tortola, the Virgin Islands, now I ask you the centre of finance is London is it not? This site hopes to operate til 2013, but give them only to the year end. Their physical location (New York) appears to be linked to several other alleged scam websites, so they are in with other bad guys. Stay away from www.infinityintlgroup.com.

Also stay away fron www.bishopsgatecapital.com, as they are linked to at least 8 other scam websites on the Isle of Man. They have only been going 7 weeks so let us all nip them in the bud......

friday76
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Old Jul 10, 2011, 8:02pm   #12
 
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Joined Jun 2011
Re: Boiler rooms and scammers.

Thanks guys. Will be staying away from them.

At this stage, I would really like to put the word out to others to stay way from Infinity.
Guess the best way is to keep posting about there scam.
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Old Jul 10, 2011, 8:10pm   #13
 
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Joined Nov 2001
Re: Boiler rooms and scammers.

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Originally Posted by TheBramble View Post
----------------------------------------------->>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Yeah - I know
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....Indicators show the past. Price Action "Indicates" the future.
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Old Jul 10, 2011, 8:14pm   #14
Joined Jan 2011
Re: Boiler rooms and scammers.

Royal Petroleum story:

http://www.dailyrecord.co.uk/news/re...8057-20351948/
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