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Investment Fraud Part I
One technique that an Investment Fraud scam uses involves a person phoning the target and assuring them that they don't want them to invest any money (yet) but would like to demonstrate their firm's 'research skill' by sharing the stock forecast that a certain stock or commodity is about to experience a significant price increase. The price invariably goes up.
On the 2nd call still doesn't solicit an investment, but instead the firm just wants to share a prediction that the price of something a certain stock or commodity is about to go down. As predicted, the price will subsequently decline
In this Investment scam the scammers hope that by the 3rd call the target wants to invest with enough money to retire on.
What the scammer did was call about 200 people. In the first call, he told 100 that the price would go up and the other 100 were told it would go down.
Of the 100 given the 'correct forecast', 50 were told the next price move would be up and 50 were told it would be down. In the end there is a list of 50 persons eager to invest.
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