Investors are losers in high-tech shell game06/11/2004
Just as the U.S. manufacturing and technology industries have gone offshore in search of lower costs and looser operating restrictions, so has the stock-fraud industry.
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About the project06/11/2004
Reporter Christopher Carey was gathering information three years ago on Chequemate International Inc., a newcomer to the area, and was surprised by its claim of operating a 3-D television business.
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Regulation S06/11/2004
A little-used financing mechanism authorized by the U.S. Securities and Exchange Commission has caused big trouble for thousands of foreign investors.
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'Boiler rooms' cloak themselves in stolen legitimacy06/11/2004
Firms whose identities have been lifted include a brokerage arm of H&R Block Inc.
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Scottish man did sleuthing - and still got taken06/11/2004
$30,000 for daughter's education vanished .
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Illinois town got taken by firm with a false front06/11/2004
Doing business with a penny stock company can be perilous, as Canton, Ill., learned after Canton Industrial Corp. set up a tire recycling business there in 1992.
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Australian rancher bought shares, received nothing06/13/2004
He lost $130,000 investing in Chequemate, 6 other companies.
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Muckraker digs up dirt on companies, posts it on Net06/13/2004
His goal? To help federal investigators track down stock fraud
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Dying firm is revived for offshore trading06/13/2004
The hard-luck tale of Almost Country Productions Inc. is enough to inspire a classic barroom weeper.
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Rogue brokers resurface overseas06/14/2004
The securities industry thought it had seen the last of Frank L. Palumbo.
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Man who cleaned up on fraud now helps uncover it06/14/2004
Barry Minkow defines fraud as the skin of the truth stuffed with a lie.
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How to avoid falling prey06/14/2004
Here are some tips from the U.S. Securities and Exchange Commission for avoiding boiler room schemes:
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SEC assserts it can tackle high-tech fraud06/14/2004
William H. Donaldson, chairman of the Securities and Exchange Commission, says the regulatory agency is focusing on the future as its looks for better ways to fight all types of fraud.
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Firm's operations could trouble voters08/13/2005
"Boiler rooms" sell shares of company that makes voting machines.
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Execs blame stock seller in fraud case07/21/2005
Netspan claims firm sold shares for more than agreed-upon price.
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Fake brokerages filch details of legitimate companies05/22/2005
Illinois banker finds himself featured on "boiler room" Web site.
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Alleged securities schemer gets snared by prosecutors02/11/2005
Authorities allege that his boiler rooms use bogus Web sites and forged documents to bilk investors.
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Anatomy of a boiler room operation06/11/2004
Boiler rooms typically operate from inexpensive, out-of-the-way offices. Here is how a boiler room operates.
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Anatomy of a scam: How one investor was taken in06/11/2004
When Scottish geologist Adrian Charters got an unsolicited call in 2002 from a broker offering him shares of a hot American biotechnology company that had filed for an initial public stock offering, he was skeptical.
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Boiler rooms copy legitimate web sites to boost credibility06/11/2004
Others have gone so far as to appropriate photos, professional biographies and even names from the online homes of actual brokerages.
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How to check for boiler room sites06/11/2004
These nations have provided Web sites where consumers can try to determine whether stock sellers are legitimate.
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