Today in South Florida, 6 individuals got indicted for orchestrating a $21,000,000 stock fraud by operating 'boiler rooms' that sold worthless securities
I can honestly say that this is the VERY FIRST honest to goodness major organized crime 'type' case in years. Rarely nowadays do we ever hear of any crew pulling off stock frauds through boiler rooms like the old days of the mob. Let alone such a massive scam.
And although they didn't fly Italian surnames, dollars to donuts someone was involved. Or SHOULD HAVE BEEN! Lol
Shades of yesteryear?
As someone that lives in south Florida I can tell you that this is extremely common down here
Correct, Louie. They're a dime-a-dozen. You can't swing a dead cat in South Florida without hitting a phone room or a halfway house, which, coincidentally, is where these types of rooms do most of their recruiting. But most of them are just owned and operated by vape smoking, scooter riding kids in "recovery." Everything from worthless supplemental health insurance to cruises and timeshares to extended auto warranties, sometimes all in the same room lol.
