Stock Investment Scam

Here is a typical stock investment scam: You receive a telephone call from a stock broker telling you about XYZ Company and their stock is going to go up 600% in the next few days. You pass on the stock and the stock does what the broker said. You get another call from the same stock broker and he says that the stock is still on the rise and will repeat the previous performance. You decide you don’t want to miss out on the instant fortune and decided to buy shares. You buy the shares and the stock continues to climb. The scammers sell the stock leaving investors holding the worthless stock.