Drake Asset Management have been approaching investors
in Australia, in attempt to execute a second wave boiler room scam. By
this, I mean that they are offering to purchase stocks sold by other boiler
rooms, which are considered worthless, at a huge premium. The downside
is that an up front fee or 'bond' needs to be paid to facilitate this
transaction.
Once paid of course, the investor will never see their money again.
There is an ongoing discussion on Drake Asset Management at the Boiler Rooms UK forum.
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