Boiler rooms

A "boiler room" refers to a type of fraudulent operation, often involving a telemarketing setup, where aggressive salespeople use high-pressure tactics to sell worthless or nonexistent investments to unsuspecting individuals. These operations rely on deception and manipulation, often making false claims about potential profits. The term originates from the cramped, makeshift offices where these activities typically occur. Boiler rooms are illegal and are frequently associated with scams that lead to significant financial losses for victims. It's essential to stay informed and cautious about investment opportunities to avoid falling prey to such schemes.