ANew York brokerage house had heard rumors from its clients that a Canadian energy stock was nothing more than a boiler room fraud. Concerned for the financial welfare of its clients, the firm asked Intelex to research it.
Intelex researched the company and its principals, to understand who really was behind the company. In addition, Intelex researched the "new technology" that the company was offering to determine its viability.
Intelex was first able to determine that the "new technology" the company was pushing was non-existent and, in all probability, wouldn't be available in the near future. Intelex ultimately traced the principals back to a stock manipulation scheme that originated out of Russia. After the client was made aware of the situation, Intelex worked with investigators in the Untied States, Canada and Russia to provide the information necessary to begin a prosecution. The individuals were deported back to Russia.