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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (44178)	3/20/1998 9:25:00 PM
From: The Duke of URL©	Respond to of 55532

Thanks Skeeter, I got the idea from the new "scambusters" thread on SI. I thought the article it had a line in it about how easy it is to by a scam stock, but how hard it is to sell it, anyway here's the article but I don't see that line. I guess I should have put my original post on that thread, and this post on that thread, also, sorry. I'll ask jill if I can move this whole post over there. IMO stocks.miningco.com Fraudulent Stock Schemes by Michael Griffis Dateline: 03/02/98 Scams, fraud, schemes, swindles - bull markets always flush out the con men. They're searching for the easy prey - the trusting, the unwary, the unsuspecting. They sound so sincere. Their offer sounds so good. Because of the way the stocks are sold, it's easy to fall for a good story. That makes it easy for the con. It's hard to tell a scam from the truth. Even reputable people can be taken. Several years ago, a well respected analyst followed a small cap toy company. The company owned the licenses for a very popular line of toys. The analyst ranked the firm as one of his best investment ideas. But the analyst had been misled about the firm's financial condition. The tell-tell signs of scam, fraud, or swindle were not obvious. Sadly, the results were the same: the company is bankrupt. Its shares are worthless. Individual investors lost hard earned assets. In this case, the professionals were misled. In hindsight, even that deal should have triggered the scamometer. It was just too good to be true. But you can be prepared. Know what to look for. The links following this article will help you identify scams that are used over and over again. Most importantly, know who you're dealing with. Know the person, and the company, that has your money! Be Careful Out There! Been Swindled? Been swindled? Know anyone who has? Want to talk about it? Post your note on our new bulletin board. All About Brokers About Your Broker From NASD; Check the record of your broker, prospective broker, or securities firm. Includes complaints and arbitration filings. Arbitration Manual From Broker Arb; Rules to help you avoid arbitration, or prepare if it is the only choice of action. Complaint Center From SEC; Report possible violations of the federal securities laws. Complaint Program From NASD; If you have been defrauded by a broker/dealer, brokerage firm, investment advisor, or other industry professional, you may file a formal complaint with the NASD. The Iceberg From BrokerArb; Examples of Brokerage Firm Abuses. Selling Tips for Brokers From The Syndicate; Protect yourself! This is the playbook for the unscrupulous. Read it and learn. These are Boiler Rooms techniques! Tips For Unscrupulous Brokers From The Syndicate; Unscrupulous brokers are taught to open profitable accounts. Good Advice Avoid & Resolve Broker Disputes From The Investor Protection Trust; How to recognize fraud and abuse before you become a victim. Caveat Surfor From InvestorGuide; Advice on accepting advice. Surfer Beware! Scam Alert Analysis For Hire From Stock Detective; Is that stock analysis report real? Or is it a paid promotional advertisement? Tips to distinguish unbiased analysis from huckster hype. Cyberfraud Warning From The SEC: Alerts to on-line investment fraud and abuse, and suggestions to avoid becoming a victim. Internet Fraud Watch From The National Fraud Information Center; "New technologies are resulting in new ways to commit crimes against consumers". Internet Scam Busters E-zine to help you protect yourself from internet scams, misinformation and hype. Investment Swindles From The National Futures Association; How swindles work. How to avoid them. Scams, Schemes And Swindles From Investor Protection; Frequently updated links to scam alerts and descriptions. SEC Enforcement Highlights From Stock Detective; Enforcement archives of the SEC. Stinky Stocks From Stock Detective; Dishonorable Mention for cellar dweller stocks. They're down there for a reason! Stock Detective The Stock Detective site is dedicated to finding and illuminating stock market scams and schemes. Telemarketing Fraud From The National Fraud Information Center; "Consumers lose an estimated $40 billion a year through telemarketing fraud". Telemarketing Fraud From the US Postal Service: Telemarketing fraud often begins with a postcard or letter describing an appealing offer. Wall Street Sleaze From Forbes, by Gretchen Morgenson; Bear Stearns and Bucket Shop? Even prestigious Wall Street firms occasionally keep unsavory company.