Tagged: real estate scams
Now That's a Boiler Room!
State officials have busted up a Canoga Park, California boiler room operation that stole at least $2.3 million from desperate homeowners on the verge of foreclosure. The sales floor at American Financial Group (aka Mason Capital Group) was decorated in a Las Vegas casino theme and workstations set up like craps tables. According to the arrest warrant, telemarketers earned a spin for cash bonuses on a roulette wheel based on their sales volume. The highest performing salesman was a convicted felon on probation for telemarketing abuse. More here.