{"id":1664,"date":"2017-09-18T18:21:19","date_gmt":"2017-09-18T22:21:19","guid":{"rendered":"https:\/\/www.elderfinancialfraudattorneys.com\/?p=1664"},"modified":"2018-10-04T15:46:55","modified_gmt":"2018-10-04T19:46:55","slug":"sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors\/","title":{"rendered":"SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/09\/pic-6.jpg\" alt=\"pic-6.jpg\" \/><\/p>\n<h2 style=\"text-align: justify;\">A Long Island-based cold-calling scam allegedly stole more than $10 million from clients<\/h2>\n<p style=\"text-align: justify;\">The Securities and Exchange Commission (SEC) <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2017-124\"  rel=\"noopener\" target=\"_blank\"><span style=\"text-decoration: underline;\">recently<\/span><\/a> brought charges against 13 defendants who allegedly operated two cold-calling investment scams in Long Island, NY. According to the complaint, the companies involved defrauded investors out of more than $10 million. The firms\u2019 salespeople reportedly convinced clients to purchase a number of penny stocks while making a wide variety of outlandish and misleading claims about the investments themselves.<\/p>\n<h3 style=\"text-align: justify;\">The telemarketing scam reportedly operated by artificially inflating the prices of penny stocks<\/h3>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors\/\"  title=\"Continue Reading SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Long Island-based cold-calling scam allegedly stole more than $10 million from clients The Securities and Exchange Commission (SEC) recently brought charges against 13 defendants who allegedly operated two cold-calling investment scams in Long Island, NY. According to the complaint, the companies involved defrauded investors out of more than $10 million. The firms\u2019 salespeople reportedly [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1102],"tags":[1141,516],"class_list":["post-1664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-massive-telemarketing-boiler-room-scheme","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Telemarketing Investment Scheme Targets Seniors<\/title>\n<meta name=\"description\" content=\"A Long Island-based cold-calling scam allegedly stole more than $10 million from elderly clients. Scammers harassed, threatened, and emotionally abused victims.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Telemarketing Investment Scheme Targets Seniors\" \/>\n<meta name=\"twitter:description\" content=\"A Long Island-based cold-calling scam allegedly stole more than $10 million from elderly clients. 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Scammers harassed, threatened, and emotionally abused victims.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/09\/pic-6.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors\/","url":"https:\/\/www.silverlaw.com\/blog\/sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors\/","name":"Telemarketing Investment Scheme Targets Seniors","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/sec-announces-charges-massive-telemarketing-boiler-room-scheme-targeting-seniors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/09\/pic-6.jpg","datePublished":"2017-09-18T22:21:19+00:00","dateModified":"2018-10-04T19:46:55+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"A Long Island-based cold-calling scam allegedly stole more than $10 million from elderly clients. 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