boiler room

boiler room
boil·er room n: a room equipped with telephones used for making high-pressure usu. fraudulent sales pitches

Merriam-Webster’s Dictionary of Law. . 1996.

boiler room
A telephone bank operation in which fast-talking telemarketers or campaigners attempt to sell stock, services, goods, or candidates. Such operations, especially securities sales, are often fraudulent and illegal.
Category: Business, LLCs & Corporations

Nolo’s Plain-English Law Dictionary. . 2009.

boiler room
n.
   a telephone bank operation in which fast-talking telemarketers or campaigners attempt to sell stock, services, goods, or candidates and act as if they are calling from an established company or brokerage. Often the telemarketers are totally fraudulent and in violation of security laws.

Law dictionary. . 2013.

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