boiler room

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boiler room

A room in which one or more steam or hot-water boilers and associated equipment are located.
References in periodicals archive ?
At the time, Rawlings was under federal investigation for his fraudulent telemarketing business as he lived lavishly through what investigators called a $19 million, ``fraudulent telemarketing boiler-room operation.
Not suprisingly, an inordinate number of telemarketing firms (and fraudulent boiler-room operations) are located in California.
contracted with unlicensed broker-dealers and sales agents who solicited prospective investors by means of cold calls and used boiler-room sales tactics to pressure members of the public to invest in the unqualified, non-exempt securities.