Complaint Review: Boiler-Rooms.org

Some time ago I bought shares in a micro cap company traded on the pink sheets. Lesson was quickly learned as I have ever since tried my best to sell them without success, as nobody seems to be interested in buying the small amount of stock that I held.

I had all but forgotten about them until a few weeks ago when I was contacted by someone at the website http://Boiler-Rooms.org/ who said that I was the victim of a scam by the company (Midas Capital) that originally sold me the shares and that they were filing a class action suit against them and invited me to partake.

After much eulogizing of their own skills and of the potential success of the case I was convinced and sent them $150 in legal fees to register my name with the suit and cover other costs, which I sent to their bank in Cyprus.

Shortly afterwards Boiler-Rooms.org contacted me to tell me that the case had hit a stumbling block and that a further $500 would be required from each participant in the suit in order for the case to proceed. $500 which I stupidly sent them.

I was then informed that because not all of the original complainants decided to pay their share, and because of additional costs incurred by the delay, I would have to pay a further $450 in fees. Better late than never, but it was at this point that my belief in http://Boiler-Rooms.org/ seriously wavered.

Once it became clear to Boiler-Rooms.org that I was not going to send them any more money they broke off all contact. They stopped calling me, which they had been doing several times a day when they were looking for money, and stopped taking my calls or responding to my emails.

Hindsight is the only perfect science, but I am incredibly embarrassed with the fact that http://Boiler-Rooms.org/ contacting me unsolicited didnt set off any alarm bells and that a company based America with a bank account in Cyprus also failed to rouse my suspicions.

However this third request for money with literally nothing to show for it finally woke me up and I started digging around a bit on Boiler-Rooms.org. Firstly it turns out that their website (http://Boiler-Rooms.org/) was only registered on 30th of May 2011 and it was registered using the email address admin@peoplealliancecorp.com.

Now People Alliance Corp http://www.peoplealliancecorp.com/ has a very similar website to http://Boiler-Rooms.org/ (content, not style), claiming that they will provide legal help to victims of stock fraud. What is also surprising is that peoplealliancecorp.com have the exact same postal address (PO Box 22247, Fort Lauderdale, Florida 333 35) and telephone number (+1 954 449-6235) as Boiler Rooms have on their website http://Boiler-Rooms.org/.

Further Googling of the address reveals a link to Financial Frauds http://financialfrauds.us/ (yet another website with the exact same modus operandi), http://www.independentwebdesigners.org/, http://www.emiliachidester.com, http://www.emiliachidester.org/ and two sites that are only now referenced by Googles cache (possibly because they were shut down?) Citi Capital Partnership (http://citicapitalpartnership.com/) and Phoenix Cooper Financial (http://www.phoenixcooperfinancial.com/) both of which have a number of warnings against them issued by several European financial services authorities.

I believe that these 3 websites are the same company as the websites are almost the same:

EconomicFrauds.com

FinancialFrauds.us

Investor-Alerts.org

While my limited private detective skills can only come up with the above, that, along with the actions of Boiler-Rooms.org leaves me in no doubt that they have scammed me out of my money and that http://Boiler-Rooms.org/ is a scam website. The fact that they pretend to be fighting against fraud makes their actions all the more disgusting.

I have no doubt that it will prove impossible for me to retrieve my money, so if outing the scam that is Boiler-Rooms.org on the internet makes their attempts at defrauding someone else that little bit more difficult, then I will have to settle for that.

Just for the benefit of the search engines Warning that Boiler-Rooms.org is a scam website looking to defraud people through charging bogus legal fees.