Can someone who has been a victim of these boiler rooms tell me, honestly, what the **** they were thinking when they agreed to transfer substantial amounts of their own money to someone they had never met, someone who was just a voice on the end of a phone and who, in some instances at least, wanted the money sent abroad even though they claimed to be in the UK?
I am asking here honestly, I want to understand what it is.
Most people are very, very suspicious about cold callers of any kind, how do they even get their foot in the door?
OK, here goes.. Firstly they target expats, for 3 reasons, a) they normally have money, b) they are normally quite busy with limited time for research, c) Police and even civil court jurisdiction issues.
now, the first callormally an introdcutory call.. they dont try to sell you anything at all.. they ask to send you a brochure, refer you to the website. you check these out and it seems legit. an when I was scammed I couldnt find any negative blogs about them.
Then they call you again with an oppotunity.. but still they dont ask for anything.. they refere you to a company.. eg Eldora gold resources.. you watch the share price.. going up nicely (the fact is it is manipulated by the fraudster).. then the next call suggests an investment... thats how they do it..
The website, brochures etc are very professional, they use virtual offices, so when you call to check them out, you get a nicce receptionist at the end of the line, who puts you through when you ask.
Thay have very good market knowlege, I am convinced they are Bankers gone bad.
The fact is this scam is fully integrated,, companies like Eldora gold resources, Solamon energy corp, Green cell etc are ALL set up by these criminals, they get them listed on an unregulated exchange and away they go!!!
The nomintae broker sells the real shares (albeit worthless) and the boiler rooms sell the fake shares... the scam is complete.. fully integrated scam!!! incolving the companies whos shares (fake and real) are being sold.. shares are manipulated, the collection accounts all have ltd as incorporation denotation to give the impression that they are UK companies.. when infact they are not.. and they use reputable banks (or did).. Barclays, HSBC Maybank ...
They are very organised, the accounts are layered to protect the ultimate benefactories and they use local stooges to set up the local accounts.
Actually I am writing a book on this, in which Banks, virtual office providers, Police forces, Stock enchanges, Stock brokers etc will all be named and shamed.. and if they want to sue me .. then let them.. they will not win beacuse I can prove every word i will publish.
The fruad would not work without the involvment of all of these entities.
Also skype, twitter and google are unwittingly helping these fruadsters to exsist and flurish.
If anyone wants to contact me for more details then send me a private email by this website.
BB