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Unauthorised Companies/Firms, Boiler Rooms etc.

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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/Communication/PR/2005/039.shtml

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/pdf/Knight_5sep06.pdf

http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overseas.shtml
 
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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/Crimes/Telemarketing/Outbound/Major/Investments/boiler_rooms.htm

Investment fraud by boiler rooms. http://www.stock-watchers.com/
 
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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/Bantock/Rogue_Traders/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
 
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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=1C6ZeKpx7xY&mode=related&search=


Boiler Room, "Chasing them up" - don't get busted: http://www.youtube.com/watch?v=ou44IfLCccs&mode=related&search=
 

RichKid

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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/Communication/PR/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
 

Timmy

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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".
 

prawn_86

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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
 

Timmy

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

Thanks Prawn ...... errr....... Ray...:)
 
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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.

 
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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/Communication/PR/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/busin...oiler-room-scam/2006/11/23/1163871549635.html
 
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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.:cautious::cautious:
 

numbercruncher

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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.:cautious::cautious:

Wow what was the name of the fund you were in ?
 
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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/Communication/PR/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..."
 
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