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CRIMINAL DEFENCE LAWYERS
BOILER ROOM FRAUD SOLICITORS
If you have been accused of being involved in a boiler room fraud scheme, it is vital that you seek legal advice from specialist solicitors, experienced in this area of law, as soon as possible.
Mission
The reputations of any professionals involved in boiler room fraud investigations can suffer, even if they are ultimately cleared of any wrongdoing, resulting in potentially irreparable damage to both their professional and personal lives. Boiler room fraud cases can be highly intricate and necessitate a defence team equipped with the requisite skills, knowledge, and expertise to secure the best possible outcome.
What constitutes boiler room fraud?
Boiler room fraud involves the sale of shares from companies that are either worthless or, in the worst cases, fictitious. It can also involve the sale of shares that are significantly overpriced.
Boiler room fraud schemes typically involve salespeople, often posing as stockbrokers, contacting investors and persuading them to purchase these shares. This persuasion often occurs through cold calling, with promises of exceptionally high returns on investment. If an investor expresses reluctance to invest, these salespeople may resort to intimidation tactics, such as threatening legal action, to compel the sale.
In addition to shares, boiler room fraud scams may also entail the sale of development land. In such cases, salespeople may assure investors that the land will gain planning permission and substantially increase in value upon approval.
Many boiler room fraud operations maintain high-quality websites and marketing materials, creating the illusion of legitimacy to potential investors.
Why the term 'boiler room' fraud?
The term 'boiler room' originated from the early practice of conducting these aggressive sales scams from the confined space of a boiler room or the basement of a building.
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