[pchelpers] News:Boiler rooms, phishing and evil twins: how the fraudsters make millions

March 14, 2008
Fran Yeoman and Jonathan Richards

“Boiler room” frauds of the kind allegedly devised by Paul Gunter and
his 25-year-old daughter Zibiah can earn millions of pounds for the
criminals behind them.

They take their name from the rented spaces from where salespeople make
their telephone calls and target their victims.

To carry out such scams, fraudsters hijack the identities of dormant,
publicly traded companies and sell fake stock in them.

Victims are cold-called by fake stockbrokers, who use high-pressure and
misleading sales techniques to persuade them to buy shares in the
worthless, nonexistent or near-bankrupt companies.

More here:
http://www.timesonline.co.uk/tol/news/uk/crime/article3552218.ece
-- 
John Durham
Site http://modecideas.com
Server hosted on Ubuntu 4.10
Good advice is like good paint. It only works when applied.



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