Forum Archive Index - July 2000

["Mike Hudson" <mikehudson@clear.net.nz>]

Jim wrote

 

" Has anyone had dealings with this brokerage?Advice would be appreciated.

Thanks.
Jim."

 

If this is the same Argus Corp that I am thinking of it is an outfit operating out of New York (or it may be the Philippines, the Bahamas or Amsterdam; I am pestered by a few of these people and I can't remember which is which)

 

They usually start by asking if they can send you some info and then they follow up a few weeks later with a phone call. All these companies have a similar spiel about how they want your business and to prove it they will let you in on a small deal $5k to $20k so you can check them out.

 

They are known as "boiler rooms" and are basically con men. You won't see your money again.

 

I am not saying that this company is one of those, it could be something entirely different and respectable but does the modus operandi sound familiar?

 

cheers

Mike H