High-Tech Shell Game.
Christopher Carey.
- St. Louis Post-Dispatch, 2004.
- SIRS Enduring Issues 2005. Article 36, Business, 1522-3191; .
Articles Contained in SIRS Enduring Issues 2005. Originally Published: High-Tech Shell Game, June 13, 2004; pp. A1+.
"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. The Internet has added a new twist, allowing boiler rooms to create impressive virtual storefronts. Advanced telecommunications also aid in their deception, routing calls, faxes and voice mail from answering services in Hong Kong, Tokyo and other business capitals to their true headquarters in less visible locations." (ST. LOUIS POST-DISPATCH) This article discusses the growth of the illegal boiler room industry as technology has given rise to the cyber-stock criminal.
1522-3191;
United States Securities and Exchange Commission
Actions and defenses Boiler room scams Computers--Investment use Deregulation Electronic commerce Identity theft Internet fraud Investments--Foreign NASDAQ Securities fraud Stock exchanges Stockbrokers Web sites