The Digg Crew wants to hear your thoughts!
Please take our short survey about Digg and potential feature ideas.
The Phony Foreign Exchange 'Boiler Room' That Took Millions
lawfuel.com — The defendant and his employees lied to investors and prospective investors over the phones, and used high pressure sales techniques to solicit investments in Holston’s purported forex trading program.
- 1 digg
- digg it
- shandyking, on 02/15/2008, -0/+1"The defendants lied about the use of invested
funds, used false names and titles when they telephoned potential
investors throughout the United States, lied about their
experience in the industry, lied about the company’s history and
success generating profits for clients, and lied about their own
client-base. For example, one Holston employee falsely claimed
to have celebrities and CEOs of Fortune 500 companies as his
clients when, in fact, there were no such clients. Also, almost
all of the employees were given and used the title “Senior Vice-
President,” regardless of actual training or experience, to
create the false impression that the investors were speaking with
high-level, experienced professionals."
Don't people question just the fact a high level VP is cold calling their home? Let alone soliciting for money?
The Digg Toolbar for Firefox lets you Digg, submit content, and keep track of Digg even when you're not on the Digg site. Download the official