Investors Scalded In Securities Fraud

[lordofdelusion]

From the Bangkok Post:

INVESTORS SCALDED IN SECURITIES FRAUD

A sweet-talking stock broker allegedly is responsible for relieving several dozen investors of their hard-won savings, writes SIRIPORN SACHAMUNEEWONGSE

Have you ever heard of the movie Boiler Room? In a typical boiler room, telemarketers call potential customers to offer attractive schemes and close sales contracts. But too often, as in the movie, the deal revolves around fraudulent stock investments pushed off on innocent clients. One common lure to promote such investments is the Initial Public Offering (IPO), a chance to get in on the ground floor of a company going public before its stocks are actually offered on the market. Purchasing such stocks is commonly a guarantee of easy money, but only, of course, if the deal is legitimate.

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Source: Bangkok Post, Perspective, April 27, 2007

For full story, go to http://www.bangkokpost.net/220407_Perspect...2007_pers01.php

Edited May 2, 2007 by Maestro
Reduced quoted text and added link to full article