Asia’s infamous boiler rooms have begun offering ‘not to be missed’ shares in a pharmaceuticals firm developing a new drug to combat Alzheimer’s disease.
If anybody wants to buy shares in Acadia Pharmaceuticals do not buy through a telephone cold caller- and especially one reading a script like the one below apparently calling from a room in the Koppel Building in Jakarta.
For starters this guy is claiming a merger is imminent with Pfizer which will send the stock through the roof. Of course if that were to be true it would be insider trading and what fool would tell any old punter that.
In this instance Arcadia is being offered by Coles Asset Management which on its website boasts offices in China and Tokyo. Coles Asset Management also shows on an internet fraud site – so it may be changing its name shortly. It has a similar name to a genuine company.
The script was written to be tailored by several boiler rooms – and this is one of the ways the business is going. Several, who have made their millions over the last decade or so, like one or two operators in Bangkok known to readers here, are now selling their knowledge, complete with scripts - and now let others handle most of the calls. In this case there has been a leak at the seller's end.
You have been warned.
"Now this new recommendation is is privileged information..it's not public yet so if you decide not to use this I will need your discretion"
(whisper) A.C.A.D..WHAT DO YOU SEE?
FRANKLY I WOULD BE CRAZY NOT TO USE IT TO BUILD MY CLIENT BASE!
AND ALL YOU PAY IS 1%!
The script as usual comes complete with stage directions
Here's a reminder from EconomicFrauds.net (but do not pay their 'research fees')what to look for in boiler room scams. But if you get a call offering you shares - that is illegal in itself in many countries.