Boiler room fraud

Boiler room fraud

Boiler room fraud occurs where shares are sold in companies that do not exist or at an inflated price. It is a form of unlicensed share dealing and is considered as a serious fraud offence.

Boiler room fraud offences are often prosecuted by specialist department in the CPS due to the complex nature. Therefore, you will require a solicitor who specialises in this area of law who can provide you with a strong defence.

Alongside reputational damage, successful prosecutions can lead to penalties ranging from suspended sentences to double figure custodial sentences.

Due to the complex nature of these cases it is vital that you seek expert legal advice; even if you are innocent, a case of this nature may destroy your professional reputation.