Share Fraud and Boiler room fraud exposed
A successful boiler room fraud can create more than 1,000 victims along with damages exceeding several millions of Euros. Prevention of boiler room fraud is difficult and the current system of warnings is clearly not effective as attemptions still take place and frequently succeed.
The author, Frans Roest, has been studying and analyzing boiler room fraud for many years. He describes the structure and the modus operandi of international boiler rooms and identifies red flags that warn us for this evil.