It seems an unregistered company that extensively used the net and boiler
rooms in Asia and Australia fleeced investors who trusted in a website and
some chitchat over legitimate (non-existetnt) registration records, public
filings, etc., for what is likely to be a few million dollars.

Full story is at:
http://seattle.bizjournals.com/seattle/stories/2003/07/21/story1.html?page=1


In short, they got an office service, a basic website, a couple of pirated
sites and used the services of fly-by-night, sell-anything telemarketers
to sell shares in a non-existent company. Trouble is, authorities say they
are helpless and the scam is ongoing.

The perpetrators did put some effort into it all as well. The office
service was booked from Thailand, the domains registered from Australia,
the US pnone number converted into WAV and emailed to a yahoo address.

Nothing special there. What does surprise me however, is the fact that the
domains are still active, the webs still hosted and the phone still
redirected.  Meaning the authorities don't know what to do!

Just for the record we did not register the domain names and don't host
any of the sites as far as I know...

Cheers,
Robert.

budget & privacy website hosting
http://www.cyberica.net
budget & privacy domain registrations + mail
http://www.u2planet.com/cfdomaintrust.html



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