Word: boilers
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...begin with Villa. Through most of the 1990s, he was president, chief executive officer and indirect owner of 99.5% of the stock of H.J. Meyers & Co., Inc., a brokerage firm based in Rochester, N.Y., with branch offices in more than a dozen cities. H.J. Meyers was a boiler room. Its most significant feature, according to an investigation by Massachusetts securities authorities, "was the high-pressure tactics of management continually exerted on brokers, who then used high-pressure tactics on their customers." Brokers cold-called people urging them to invest in speculative securities and initial public offerings underwritten by the firm...
...silly," said Rajbanshi, who had her hot water boiler taken. "There are cooking appliances that are far worse fire hazards than the hot water machine...
...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...
...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...