£37m Fine Wine Boiler Room Scam Prosecutions
These criminals deserve jail. The deception of the vulnerable is heinous. Don't be like these baddies.
I heard a trading standards officer called Sue describe the scene upon obtaining a warrant and entering their offices.
'All the staff were standing, because apparently they weren't allowed to sit down until they hit their targets ... with slogans on the wall including 'no means yes' ... as well as scripts for how you deal with people saying 'no, haven't got the money' all about creating empathy, such as with a health issue, 'oh my auntie's got that too, terrible isn't it', which they exploit to the nth degree.'
As can be the case with such illicit endeavour, if similar effort was put into a legitimate product resolving a real business need, then that would likely fly.
You must though jettison much of what made their environment.
If your work spot looks like the above, you're also in trouble.
If you believe culture is the company, then actions like the no-sitting regime betray the true values at play. Think to of that 'cubicle' pictured above. Not at all ones we ought deploy.
Who hasn't seen prominent scoreboards on the office wall?
With scribbles on salesroom whiteboards like 'no means not yet'.
Alongside handles for the 'no budget' objection.
Written lists of 'winning lines', including those for ensuring empathy is projected.
No to mention sector-specific publications and our own printed matter scattered around desks.
Yet ours cannot be fake.
Further documenting of this frightening case reveal further despicable tactics;
"such as hiring luxury taxis, wining and dining their victims, who were often recently bereaved or lonely, and sending out glossy brochures purporting to be a well-respected company were also commonplace. Logos for the Daily Telegraph and the Financial Times were used without authorisation. Evidence was also secured showing that the individuals used fake names when talking to their victims, all tricks learned from watching films like ‘The Wolf of Wall Street’ as company sales training."
From this most ugly of trope, we are warned that 'the red flag is any cold call for an unregulated investment opportunity, with repeated calls to build relationship; steer well clear'.