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 ?
4 mechanical installation works for boiler room and school building
It streams live music sessions from around the globe to an audience of eager fans and concentrates on bringing a true sense of the event -- specially arranged by Boiler Room -- showcasing the band or DJ, the music and the atmosphere.
However, despite the increase there was a 7% drop in 2011 (from 831 to 770) in the number of people who having been contacted by a boiler room, then invested.
The shares are usually worthless and the boiler room vanishes, leaving the unwitting investor out of pocket.
Teachers asked children aged nine to 11 in Years 5 and 6 to enter a competition to design the pictures on the boiler room.
15am after reports of a big explosion in the boiler room and the fire was contained in there.
DSI, which was formed by Cates in 1985, offers a complementary line of gaskets, packing and boiler room products.
Last year, police issued a warning for investors in the North East to be on their guard after a wave of boiler room fraud unrelated to this court case.
The enhanced lead/lag capabilities of the ModSync system are provided through an easy-to-use touch screen interface, which also provides remote monitoring and text messaging capabilities for quick access to boiler room status; and can be customised to meet multiple boiler room configurations.
A that Irfan Yildiz was killed and 25 people were injured in the explosion which happened in boiler room of the building during a maintenance.
3, was arrested outside The Boiler Room - Industrial Lounge at 2:14 a.
There was a time when people thought that by hanging a new blue or yellow box on the wall in the boiler room, they were doing all they could to save energy in their buildings.