MIHL Board, will we be seeing any more press releases within the next week or two about the new letters of intent being signed? I hear there are a few more LOIs more being signed this week in addition to the two others already mentioned in the press release. Would love to get an update on those. Thanks.
Excerpt: However, in recent years, virtual offices have become a breeding ground for fraudsters. The appeal of prestigious corporate addresses at dirt cheap prices has given scammers and questionable businesses an advantage not previously available with traditional P.O. boxes: a greater sense of legitimacy. It’s apparent that 21st century boiler rooms have become much more attractive.
Excerpt: But those dirt-cheap rents have also made virtual offices a breeding ground for fraud. Regulators and prosecutors have brought dozens of civil and criminal charges in recent years against defendants who used such spaces as their home bases. In the financial world, virtual offices are the new boiler rooms, the now infamous operations in which an army of young brokers hawk questionable stocks to naive investors. Virtual-office schemes have many of the same hallmarks. An outfit with a generic name and trumped up accomplishments develops an impressive Web site and adopts a prestigious address. The ringleaders then go to work raising money for supposed investment funds, real estate ventures, or other seemingly lucrative opportunities. The ruse works best with out-of-state investors, since they're less likely to pop into the office for a surprise visit. "
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