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Boiler Room Fraud Solicitors in the UK
Boiler Room Fraud – In terms of business, boiler room refers to an outbound call centre which sells questionable investments by telephone. It refers to a room where salesmen work using unfair sales tactics. However, sometimes they sell penny stocks and private placements. The term ‘Boiler Room Fraud’ carries a negative connotation and often implies high-pressure sales tactics.
Share Scams are usually run by boilers rooms fraud where fraudsters offering worthless or sometimes non-existent shares to the potential investors by promising high returns. But at the last, victims losing all of their savings. Fraudsters try to pressurise you so that you can make a rash decision without knowing the nature of the investment. For earning maximum returns people encouraged to make the investment. The fraudsters may provide false share certificate to the investors. These frauds tend to start with telephone calls and then end up with the money gained from the target.