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There are a host of scams.

Professional Internet promoters, some with elaborate briefing sites and any number of ways to avoid regulators.
Masquerading as ‘Analysts’ they offer a range of services. And look very appealing. The content of www.financialWeb.com/stockdetective is packed with scams and promotion devices, names people and companies and shows Web site URL’s.

It has a marvellous page of alleged scams called 'Stinky Stocks'. Not all such sites are so safe to visit. Some offer information about scams and are the heart of them as well.

The Canadian Globe and Mail reported in April 1998 that regulators in three countries investigated an international stock sales scam involving a group that used a Canadian brokerage firm's Web site to lend itself credibility. The group, which sold stock in fictitious companies to victims in Sweden, operated under the name Turner Phillips and said its head office was in Vancouver.
In fact, regulators have no idea where the firm operated from or who is behind it, Lang Evans, compliance officer at the British Columbia Securities Commission, said: "It's quite an elaborate scam. . . . We're not even certain that the names are anything more than pseudonyms or aliases."

The BCSC published notices to alert the public to the fraud, which used boiler-room sales techniques and the Internet to pitch shares to investors. The notice said the scheme "has been recently conducted on an international scale, resulting in the loss of
millions of dollars to affected investors world-wide."

Article Series

This article is part 35 of a 37 part series. Other articles in this series are shown below:
  1. The Internet Influence
  2. Reputation
  3. The Internet Society
  4. How People Use The Internet
  5. The Opinion Formers
  6. A Stakerholder Society
  7. Its Fast
  8. Technology For The People
  9. A Reputation For Responding
  10. Newsgroups, Chat and Cybercast
  11. The Nature of Newsgroups
  12. Chat Overtaking Newsgroups
  13. Cybercasting
  14. The Internet Communities
  15. Neighbourghood Communities
  16. Company Communities
  17. Community Currency
  18. The Effect Of Virutal Communities On The Bottom Line
  19. Political Communities
  20. Cyber Marketers
  21. Global Branding
  22. Accessibility
  23. Cyberbrand Outreach Accessibility
  24. Information
  25. Interactivity
  26. Brand Performance
  27. Online PR
  28. Sponsorship Marketing
  29. Brand Attacks
  30. Cyber Counterfit Sales
  31. Internal Communications
  32. Cyberstalkers
  33. Protection from Cyberstalkers
  34. Investor Relations
  35. Share Scams
  36. Protecting Investors
  37. The Investor Sites
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