NEW ICC SCAM
July 1st, 2002
BY KEITH NUTHALLTHE INTERNATIONAL Chamber of Commerce is appealing for help to help it track down the perpetrators of a fake share-offering that has left European businesses out of pocket. Its Commercial Crime Bureau wants to hear from victims of a scam, where investors have been offered bargain prices for stick of companies that were supposedly about to go public, but which actually did not exist. The pitch involved investors being asked to test the waters with an initial purchase of 1,000 shares at around US$4 and then being offered subsequent sales prior to an ...
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