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Resource ID: #8596
Subject: Fraud
Source: Orange County Register (Santa Ana, Calif.)
Affiliation: 
Date: 

Description

Orange County (Calif.) Register reports that long-distance telemarketing investment fraud is at epidemic proportions, with Southern California being the national hub of such scams; young and very aggressive salesmen defraud people, many times the elderly, of their life savings; the operations will move or declare bankruptcy when under investigation; outlines the major companies involved with the business by using a flow chart; gives advice in how to avoid getting burned and where you can turn to complain when taken by a "boiler room" operation, Dec. 17, 1989.

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