Posts Tagged ‘stock pumping’

Recent Carnivals

April 7, 2008

In addition to the European Travel Blog Carnival mentioned in my previous post, I’ve also recently had posts included in several other carnivals, including:

The Carnival of Ethics, Values, and Personal Finance

The Carnival of Observations on Life

The Carnival of Consumer Focused Real Estate

The Carnival of the Godless #87

The Carnival of Fraud

 Check them out.

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Vancouver’s Other Dirty Little Secret

March 7, 2008

I’ve been looking for another revenue stream to supplement my self employment.  There just isn’t enough coming in yet, so I need a daytime job.  I’ve been trying to focus on established companies and the ones whose websites and job ads state that they are one of the fifty best companies to work for in Canada or BC.  Money, benefits, work conditions.

Unfortunately, I haven’t had a lot of luck with these organizations.  I don’t know what they’re looking for, but it doesn’t seem to be me.  My resume usually provokes a phone call and an interview.  But when I send it to one of these companies, nothing.  This is despite the fact that I easily meet the criteria.  You’d think large, established companies, some with international operations, would most value something like international sales experience involving talking to senior executives of multinationals.  Nope.  I guess it’s not useful here because, for all its apparent world class reputation and its multicultural population, Vancouver is rather parochial.  It is a branch office market, not a head office location.  Talking to the CEO isn’t something that people relate to or need.

There are some employers who would value it, though.  They could use someone who isn’t afraid to talk to a high net worth individual and ask for the money.  They aren’t well known companies and they’re not on the list of the fifty best companies to work for in Canada, BC, or anywhere.  They are Vancouver’s other dirty little secret, along with the downtown east side.

When most people think of Vancouver, they think of a beautiful city by the ocean set against a backdrop of mountains.  As they say in the real estate world – location, location, location.  No wonder I can’t afford real estate.  I’m not likely to either, unless I can find a legitimate way to make some decent money.  I say legitimate because what most people don’t know is that beautiful Vancouver is a centre for fraud.

Many of the telesales jobs here are actually fraud related, one way or another.  They sell lottery tickets, vacations, medications, or investments.  They focus on high net worth individuals or pensioners, usually in the U.S.  That’s not unusual.  Telesales fraud is usually done across borders to get around the law, no matter where in the world it happens.

These operations aren’t too difficult to spot, once you get a look at them.  I went to an interview years ago and checked out a company.  The only piece of office equipment in the phone room, other than the very basic phones, was a paper shredder at one end of the room.  There were no computers.  The staff had printed lists of leads in front of them on their cheap, table style desks.  The whole thing had an air of impermanence.

Recently, I saw an ad that seemed too good to be true.  Sixteen dollars an hour plus commission.  There was no company name, but there was a number to call.  I did some high tech sleuthing and searched the number on the web.  A number of articles came up.  One headline link was about a stock worth $0.001.  When I clicked on it, I found the page no longer existed.  Hmmm…

Another headline took me to a company website.  The phone number matched.  Apparently, they have an incredible new technology that will drastically reduce carbon emissions from cars.  Well, it is incredible that no one has heard of it yet, considering the fact that greenhouse gas emissions and global warming are in the news daily.  You’d think the news networks would be tripping over each other to do a story on it.  The section that explains how it all works was a pretty slick presentation accompanied by techno music (coz it’s the technology, get it?) that made no sense to me.

The most striking thing about this company, though, was it’s name.  Their product was an environmental solution for automobiles, but the name had no indication of environmental or automotive industry affiliation.  It included the word ‘capital’, however.  They’re in the capital raising business.

Remember that headline about shares worth $0.001?  They’re stock pumpers, something Vancouver has gained a bad reputation for.  Sixteen bucks an hour plus commission is pretty good, by local standards, but I don’t want to participate in fraud to make a living.