Word: boilers
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Dates: during 2000-2009
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...binders, congratulate them. Then again, if the 5 p.m. bell is ringing, and you see them looking blearily around the Yard, ask their concentration and point them in the direction of the appropriate building. By all means, keep them away from any grates that might lead to Widener's boiler room. Yes, ladies and gentlemen, the end of this week brings thesis deadlines for the lucky folks in several concentrations, including Afro-American studies, classics, history, history of art and architecture, psychology, sociology and social studies. And honestly, we couldn't be happier...
...sounds like dialogue from Boiler Room, the new film featuring Ben Affleck as a Gen X stock-scam artist. But according to the feds, the scene is a real-life drama that threatens the 10 million investors expected to have online brokerage accounts by year's end and the millions more who use the Web to make investing decisions...
...third-year law student at prestigious Georgetown University in Washington. With his mother Joanne, who is a city-council member in Colorado Springs, and three law-school buddies, he scored profits of more than $345,000 in an online scam made public last week. "The migration of fraud from boiler rooms to the Internet is the most important new trend to hit U.S. markets in years," warns Richard H. Walker, top cop at the Securities and Exchange Commission...
...announcing a settlement with the Georgetown crew--who neither admitted nor denied the allegations and promised not to violate securities law in the future--the SEC was showcasing a stepped-up effort to crack down on rampant Internet stock swindlers. With the Net now America's stock-tip central, boiler rooms have become inefficient relics...
...Armanis, a couple of mil--and, oh yes, respectability. That's where J.T. Marlin, the brokerage firm, comes in. O.K., it isn't exactly J.P. Morgan. It is, in fact, as the title of writer-director Ben Younger's morally earnest yet very lively first feature has it, a Boiler Room...