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Boiler Room Definition, How It Operates, Common Scams
Автор: Simple Explain
Загружено: 2023-12-17
Просмотров: 234
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Today, we will talk about boiler rooms, how they operate, and common scams used in this scheme. A boiler room is a place where salespeople use high-pressure tactics to sell speculative or fraudulent securities to potential investors. These operations often target victims of previous scams and rely on cold calls, misinformation, and extravagant promises to assure buyers that they are buying a 'sure thing.' Examples of boiler rooms include penny stock scams, software scams, and pump and dump scams.
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