The internet is the new playground for Scammers that build a cheap website offering low cost or discounted goods, then take your money but never send you the goods you have paid for.
The more sophisticated scams that require the personal touch are normally run from telesales or Boiler Rooms, you can read more on Boiler Rooms by selecting that option on the right side menu.
Many of this type of scams are linked to investment opportunities, these telesales rooms are often referred to as Boiler Rooms, Slop Shops or Decks..
Most Boiler Rooms do not even have a registered company behind them, and of they do, it is normally domiciled in such destinations as The Bahamas, The Seychelles, Bermuda, The British Virgin Islands or some other destination that offers cheap incorporation.
Due to the fact that, these types of offshore jurisdictions are somewhat lax with
their company incorporation procedures and the monitoring of those companies thereafter, this inevitably invites the fraudsters in, and abuse of the system
invariably follows.
So before dealing with any investment company it is imperative you conduct adequate due diligence.
If you do not have the resources to conduct the appropriate due diligence and you have been contacted by telephone by a suspect company, then visit our
"Identify a Scam" page by selecting the named image to your right. On this page you will find some very useful information as to how you can catch these Scammers out if they should call you... |
