Boiler room (business)
Type of call center / From Wikipedia, the free encyclopedia
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This article is about the con trick. For the facility within most business buildings, see Mechanical room. For other uses, see Boiler room.
In business, a boiler room is an outbound call center selling questionable investments by telephone. It usually refers to a room where salespeople work using unfair, dishonest sales tactics, sometimes selling penny stocks or private placements or committing outright stock fraud. A common boiler room tactic is the use of falsified and bolstered information in combination with verified company-released information.[1] The term is pejorative: it is often used to imply high-pressure sales tactics and, sometimes, poor working conditions.[citation needed]
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