Boiler Room Scams

Boiler room scams involve high-pressure sales tactics from individuals or groups who call or contact victims out of the blue, often claiming they have lucrative investment opportunities. These scammers use aggressive persuasion to induce people to buy worthless or non-existent stocks, cryptocurrencies, or other assets, aiming to quickly extract money. They typically operate from "boiler rooms," which are high-volume call centers with trained staff focused solely on convincing victims to invest. The messages are often misleading or false, making these scams risky and deceptive, and victims may suffer significant financial losses.