Boiler Room Fraud

Boiler room fraud is the practice of selling overvalued stock or stock in phantom companies. Usually a letter or email (occasionally a phone call) is made to a ‘target'. The communication seeks to persuade the target to part with cash which it is alleged will result in a far greater return at some assured future point in time. This can take the form of an offer of shares at a low price for example, with a guarantee that the shares in question are about to significantly increase in value.

These offers are often extremely sophisticated and appear to the target to be absolutely genuine. Ultimately, however, the target loses their investment and the promised gain never materialises. These types of case are often prosecuted by specialist teams within the CPS and occasionally by the FSA due to their complexity and the inevitable regulatory offences which are often committed in perpetrating this 'boiler room' fraud.

Rustem Guardian Solicitors are a law firm that have successfully represented a number of clients said to be involved in this type of activity and our specialised team has years of experience dealing with such cases.

We are currently engaged in a large alleged conspiracy at Southwark Crown Court Operation Slick.

For further assistance please call 0845 621 8800 or REQUEST A CALL BACK.