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boiler room

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Boiler room
Used to describe place or operation in which unscrupulous salespeople call and try to sell people speculative, even fraudulent securities.

boiler room
An area in a sales operation in which are located personnel who are engaged in contacting prospective buyers, usually by telephone, and in using high-pressure tactics to sell securities. These operations are associated with high commissions and unethical practices.

Boiler room. A boiler room is a location used by con artists to contact potential victims out-of-the-blue -- an approach known as cold calling -- in an attempt to sell high-risk investments that may or may not be legitimate.

Boiler room scammers typically use high-pressure tactics to close an immediate sale and are unwilling to provide written information about either the investment they are pushing or themselves.


boiler room

A lead-generating system usually characterized by large groups of people working in cubicles making cold calls to consumers in order to gauge interest in real estate investments,insurance products, refinance offers, or any number of other products.The leads are then sold to professionals for follow-up. Sometimes,the boiler room operation also engages in high-pressure sales techniques, which has lead many states to pass legislation allowing a cooling off period within which to reject and void any contracts entered into as a result of such tactics.



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Officials said that the explosion occurred when an oxygen cylinder (which was used for repair) went off in the boiler room.
There's a big fire door on the boiler room which was not letting smoke or heat out, so it just gathered momentum.
Because the space is so limited, we store our servers and phone equipment in the boiler room.
 
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