An illegal practice of calling individuals / potential investors and pressuring them to purchase worthless stock in companies that either do not exist or are virtually bankrupt.
Related information about boiler room fraud:
- Boiler room (business) - Wikipedia, the free encyclopedia
In business, the term boiler room refers to an outbound call centre selling questionable investments by telephone. It typically refers to a room where salesmen ...
- Share fraud and boiler room scams
Jun 15, 2012 ... We receive almost 5,000 calls each year from people who think they are victims of boiler room fraud. Unfortunately about 20% of these people ...
- Investment or share sale (boiler room) fraud | HSBC Holdings plc
Boiler room fraud is the common name for illegal and aggressive mis-selling of worthless, bogus or vastly over-priced stocks and shares or those traded in very ...
- Boiler room fraud
This type of fraud involves fraudsters cold calling members of the public to try to get them to buy shares which are either worthless or do not exist.
- Prison for men involved in 'boiler room' fraud - Telegraph
Oct 6, 2011 ... Seven men have been sentenced to a total of 39-and-a-half years' imprisonment for their involvement in a Spanish-based investment fraud.
- CONSUMER AFFAIRS: Dealing with potential 'boiler room' fraud
Jun 23, 2012 ... The U.S. Postal Service suggests consumers keep some questions in mind to avoid becoming victims of so-called "boiler room" fraud.
- What is boiler room fraud? definition and meaning
Definition of boiler room fraud: An illegal practice of calling individuals / potential investors and pressuring them to purchase worthless stock in companies that ...
- City of London Police - Boiler room
Related news. Police boiler room phone line receives almost 500 calls; Boiler Room fraud poses multi-million pound threat; 'Recovery Room' scam ...