The investment industry is plagued by “boiler room” operations. These operations consist of little more than inexperienced people using telephones. They call you and go through a prepared script, for a penny stock or an oil lease or similar “hot” deal.
Often, you’ll be assured of a huge, instant profit. Oil has been discovered but not announced. Or a company’s new wonder drug is about to be given federal approval. Once the news gets out, the price will soar, but here’s your opportunity to get in while the price is still low.
Sure. If this was such a great deal, why call you? The seller would be putting his own money into it, and his family’s money. He wouldn’t be calling strangers like you with this opportunity.
When you get this kind of pitch, hang up. These ventures are out-and-out scams, not even speculative investments.
Connect with us today to ensure you no longer fall for telemarketing pitches!
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