Recovery Room Scheme
Victims of previous schemes are victimized again.
What is a Recovery Room Scheme & How Does it Work?
In a recovery room, victims of previous schemes are victimized again. They are offered inflated prices for shares they purchased in a previous boiler room scheme. As part of a promise to buy their shares at a profit, the investor is instructed to wire an additional sum of money to an offshore bank account. The perpetrators withdraw the money, and the investor loses again.