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 a thing.
The more sophisticated scams that require the personal touch are normally run from telesales offices. Many of this type of scams are linked to investment opportunities, these telesales rooms are often referred to as Boiler Rooms.
Most Boiler Rooms do not even have a registered company behind them, and 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. Therefore, we have compiled a check list of questions and procedures in order to assist you with that due diligence, please review our "Identify Scammers" page |
