boiler room

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boiler room

n. a telephone bank operation in which fast-talking telemarketers or campaigners attempt to sell stock, services, goods, or candidates and act as if they are calling from an established company or brokerage. Often they are totally fraudulent and in violation of security laws.

boiler room

a type of fraud on investors by dishonest brokers who fill a room with high pressure telephone salespeople to push dubious stocks and shares. It is governed by FINANCIAL SERVICES LAW in the UK.
References in periodicals archive ?
The Saturday night action will see thousands of people descend on Sage Gateshead to enjoy performances from the likes of Hot Chip, Royal Blood, Simian Mobile Disco and local lads Maximo Park before revellers head over to The Boiler Shop.
Craft Beer Calling 2014 at the Boiler Shop in <B Newcastle's Stephenson Works
We showed the BBC events team around Ouseburn Valley and The Boiler Shop towards the end of last year and they fell in love with them.
The band have had a really good year which has seen them play Evolution Emerging, open for Dumb and Royal Blood, play the Oxjam Festival and open for The Temperance Movement T at The Boiler Shop.
In her show on Saturday night Mary Anne Hobbs will announce a line-up of DJs performing at 6 Music Festival Late, which is scheduled for February 21 from 10pm-2am at The Boiler Shop in Newcastle's Stephenson Quarter - ticketed separately.
The Craft Beer Calling festival saw ale aficionados and non beer-geeks alike pack the Boiler Shop at the Stephenson Works to try beers from as far afield as New Zealand, America, and Sweden as well as locally-produced tipples.
On the Saturday there will be gigs in the Ouseburn Valley (Cluny 1, Cluny 2, Cumberland Arms and Star and Shadow) and on the Sunday the action will move to The Boiler Shop in Newcastle's Stephenson Quarter, behind Newcastle Central Station.
I enjoyed the last one and recently helped out on one of the stalls at the Boiler Shop.
Adam - who, with Matt Boyle of Wylam Brewery, co-hosts the food, drink and live entertainment Boiler Shop Steamer event every month in Newcastle's Stephenson Works - designed the Fish Box with help from Ryder Architecture.
Tea & Cake Planet: A Weekend Adventure in W Brewing and Baking at the Boiler Shop behind Newcastle Central Station.
A brass plaque from the boiler shop of Palmer's shipyard in Jarrow, commemorating employees who served and died in the First World War, was sold for PS65.
This concerns in particular the former boiler shop and car repair II of the 1909th The dependencies and interfaces between the porch and renovation of factory planning is to define and coordinate.