Quantcast
Unauthorised Companies/Firms, Boiler Rooms etc. - Aussie Stock Forums

Page 1 of 2 12 LastLast
Results 1 to 20 of 34
  1. #1
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Unauthorised Companies/Firms, Boiler Rooms etc.

    An increasing number of companies are operating unauthorised and many as boiler rooms. Australia has its own lists. Firstly, many companies that targeted the UK and America are turning to Australia and other countries as targets.

    The following companies listed by the UK may not be banned from operating in Australia. You may wish to make a note of them, just in case they contact you.

    http://www.fsa.gov.uk/pages/Library/...2005/039.shtml

    http://www.fsa.gov.uk/pages/Doing/Re...ght_5sep06.pdf

    http://www.fsa.gov.uk/pages/Doing/Re...overseas.shtml

  2. #2
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Boiler Rooms. Don't say you didn't know and never keep what they say to yourself, always talk to others and seek their advice. Don't be fooled, they are very clever and extremely experienced in conning people out of their money " average $50,000 ". Seems unbelievable but true.

    http://www.crimes-of-persuasion.com/...iler_rooms.htm

    Investment fraud by boiler rooms. http://www.stock-watchers.com/
    Last edited by noirua; 16th-April-2007 at 03:12 AM.

  3. #3
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    This write up may be useful to anyone who has been a victim of fraud. The rest is just contacts which are no use in Australia. Worth reading: http://www.unjustis.co.uk/Support/Support.htm

  4. #4
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    The following link will take you to a website that shows information about certain individuals. They are known to have connections in Asia and New Zealand: http://www.unjustis.co.uk/Cases/Bant...ers/Rogues.htm

    You may think that Australia has its share of criminals in all sections of society. Read these links and you realise it's a quiet place to live compared with the UK: http://www.unjustis.co.uk/index.htm http://www.unjustis.co.uk/News/News_Roundup.htm
    Last edited by noirua; 16th-April-2007 at 09:28 AM.

  5. #5
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Cambridge Capital Trading: a boiler room operating from a fictitious London address that stung Aussies and Singaporians for US$600,000: http://www.smh.com.au/news/business/...733949439.html

  6. #6
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    All Australia now as we go to "Australian Securities and investment Commission - All Documents - List of Unlicensed Overseas Cold Callers": http://www.asic.gov.au/fido/fido.nsf...3?opendocument

    If you are owed money, then search this index. Search in basic fashion, for instance, "J.S.Knight and CO", search "knight": http://www.edge.asic.gov.au/unclaimed/simplequery.html
    Last edited by noirua; 26th-April-2007 at 07:56 AM.

  7. #7
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    A Boiler Room Interview for Staff. Set up to ROB you of your honestly made fortune. Evil are these people, so, "BE ON YOUR GUARD":

    http://www.youtube.com/watch?v=zvICN8DNMpY


    Boiler Room - "THE FIRST SALE":

    http://www.youtube.com/watch?v=TbIRedOqDwE&NR=1


    No chance of the Wife getting in the way of Conning this guy out of his fortune. These fellers are Evil B*******:

    http://www.youtube.com/watch?v=1C6Ze...elated&search=


    Boiler Room, "Chasing them up" - don't get busted: http://www.youtube.com/watch?v=ou44I...elated&search=

  8. #8
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    This video shows what these salesmen face - would this guy make a sale to you?
    http://www.youtube.com/watch?v=TROhl...elated&search=

  9. #9
    PlanYourTrade > TradeYourPlan RichKid's Avatar
    Join Date
    Jun 2004
    Posts
    2,981

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Quote Originally Posted by noirua View Post
    This video shows what these salesmen face - would this guy make a sale to you?
    http://www.youtube.com/watch?v=TROhl...elated&search=
    Thanks for the public service and for the timely warning Noirua, it really is worth paying close attention to these things, loved the glengarry ross clip, will warm the cockles of Joe's heart!
    RichKid

    My posts are not recommendations (even when I rave about something). Always rely on your own research & judgement.

  10. #10
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Hi RichKid et al, Hopefully this thread may forearm a few people, especially those with large sums sitting in their Bank Accounts.

    If you think you are a victim of a Boiler Room Operation, then read this link: http://www.stock-watchers.com/advice.html How to avoid loosing your money: http://www.stock-watchers.com/avoiding_scams.html

  11. #11
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Only indirectly on topic. Sales not numbers, cold calling and success. Again, indirectly, we can perhaps all learn from the logic in this video.

    http://www.youtube.com/watch?v=5WmrSJ97FH0&NR=1

  12. #12
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    I can't imagine an Aussie falling for one of these tricks, but they do target the elderly who are sophisticated investors who may have lost the plot a bit and don't know it or Admit It.
    From the U.K. the Financial Services Authority (F.S.A.) have got some money back for those who were conned: http://www.fsa.gov.uk/pages/Library/...2008/020.shtml

    Seriously though, we all get conned during our lives or make decisions we would prefer not to admit. So always report these matters, firstly to the police and to FIDO (A.S.I.C.) at: http://www.fido.gov.au/fido/fido.nsf

    Registered banned or disqualified people by A.S.I.C.- http://www.search.asic.gov.au/ban.html
    Last edited by noirua; 22nd-March-2008 at 10:02 AM.

  13. #13
    white swans need love too Timmy's Avatar
    Join Date
    Sep 2007
    Location
    Between the lines
    Posts
    2,930

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    How are threads made to be 'stickys' - to stay permanently visible on the forums? This thread must be a strong candidate. It really is very valuable information, I would say a community service, especially for those as Noirua points out "who may have lost the plot a bit and don't know it or Admit It".
    The contents of this post were tested, ruthlessly, on small, cute, furry animals. Most of them were fatally harmed. Hence, if this post causes irritation, please discontinue reading immediately.

  14. #14
    Mod: Call me Dendrobranchiata prawn_86's Avatar
    Join Date
    May 2007
    Location
    Los Angeles
    Posts
    5,855
    Blog Entries
    40

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Timmy,

    threads are made sticky by us mods, with Joes permission.

    While it is a very useful and informative thread, so are many others.

    Perhaps the best thing to do is just to bump this from time to time, to make sure people view it.

    thanks

    Prawn

  15. #15
    white swans need love too Timmy's Avatar
    Join Date
    Sep 2007
    Location
    Between the lines
    Posts
    2,930

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Thanks Prawn ...... errr....... Ray...
    The contents of this post were tested, ruthlessly, on small, cute, furry animals. Most of them were fatally harmed. Hence, if this post causes irritation, please discontinue reading immediately.

  16. #16

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    For those who have not seen the Boiler Room movie here are some classic scenes.

    Group Interview



    Boiler Room First sale.


  17. #17
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Quote Originally Posted by noirua View Post
    I can't imagine an Aussie falling for one of these tricks, but they do target the elderly who are sophisticated investors who may have lost the plot a bit and don't know it or Admit It.
    From the U.K. the Financial Services Authority (F.S.A.) have got some money back for those who were conned: http://www.fsa.gov.uk/pages/Library/...2008/020.shtml

    Seriously though, we all get conned during our lives or make decisions we would prefer not to admit. So always report these matters, firstly to the police and to FIDO (A.S.I.C.) at: http://www.fido.gov.au/fido/fido.nsf

    Registered banned or disqualified people by A.S.I.C.- http://www.search.asic.gov.au/ban.html
    Hi everyone, just bumping this thread on a Monthly basis. Hopefully none of us will be caught out, you have been, well, click on these links.

    A story about a boiler room busted in 2006. "Corporate enforcer busts $3.9m boiler room scam": http://www.theage.com.au/news/busine...871549635.html
    Last edited by noirua; 27th-April-2008 at 09:32 AM.

  18. #18

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    with the amount of so called legit investment companies going down the drain its hard to see were the line is drawn.

    by the way just had a letter from one of my old super fund advising there currently under administration, just wondering if super funds are the next to go down the gurgler with this credit crunch.

  19. #19

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Quote Originally Posted by xyzedarteerf View Post
    with the amount of so called legit investment companies going down the drain its hard to see were the line is drawn.

    by the way just had a letter from one of my old super fund advising there currently under administration, just wondering if super funds are the next to go down the gurgler with this credit crunch.

    Wow what was the name of the fund you were in ?
    May Peace Be With You

  20. #20
    noirua's Avatar
    Join Date
    Feb 2006
    Location
    Kent, England
    Posts
    7,848
    Blog Entries
    5

    Default Re: Unauthorised Companies/Firms, Boiler Rooms etc.,

    Quote Originally Posted by noirua View Post
    I can't imagine an Aussie falling for one of these tricks, but they do target the elderly who are sophisticated investors who may have lost the plot a bit and don't know it or Admit It.
    From the U.K. the Financial Services Authority (F.S.A.) have got some money back for those who were conned: http://www.fsa.gov.uk/pages/Library/...2008/020.shtml

    Seriously though, we all get conned during our lives or make decisions we would prefer not to admit. So always report these matters, firstly to the police and to FIDO (A.S.I.C.) at: http://www.fido.gov.au/fido/fido.nsf

    Registered banned or disqualified people by A.S.I.C.- http://www.search.asic.gov.au/ban.html
    Just bumping this thread again in hopes none of us get caught out.
    "Nearly $1 billion lost in 12 months..."



Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Aussie Stock Forums