Cobalt Capital - Allegation of Boiler Room Tactics
One detail this is very interesting is the nature of boiler room cold calls:
"Phone records for the company's office in Great Neck, N.Y., show that tens of thousands of long-distance calls -most less than one minute- were made to locations across the country, according to an affidavit by FBI Agent Jennifer May.'Based on my experience and training, the calling patterns reflected in the telephone records are consistent with those of a "boiler room" operation,'May wrote."
Perhaps instead of net neutrality, we should be looking at imposing higher transaction costs on call centres forcing them to do the proper due diligence on business opportunities frauds?
