The number of boiler room scams has increased substantially over the years, and with this has come confusion and false accusations against genuine professionals within the industry. The boiler room fraud barristers at St Pauls Chambers have experience in representing those facing such accusations.

What Is Boiler Room Fraud?

Boiler room share frauds are the curse of investors. The operator will sell worthless shares at inflated prices to investors that are impossible to sell. A rising number of UK investors are being cold-called by fake stockbrokers looking to lure cash out of them. A broker, usually operating from an overseas firm, will cold call an investor and propose they buy shares in a particular company. The share has usually been ramped on online message boards. The company they are share dealing in will probably be listed on an illiquid market, so the shares cannot be sold, and the price will be hugely inflated.

What are the signs of boiler room fraud?

The firms will operate from boiler room ‘hotspots’, such as Spain, Switzerland, Dubai, Japan, Bermuda or the US, so they are outside of the remit of the Financial Services Authority. They will have a UK-listed address and a grand-sounding name to give an air of legitimacy.

‘Boiler room’ fraud owes its name to the highly pressurised sales technique employed by the broker. They can be forceful, persistent and highly aggressive. A common tactic is to create a sense of urgency about a stock, such as telling the investor it will explode any day so they need to invest quickly.

Check out the 10 key signs of boiler room fraud, or get in touch with our clerking team today to discuss working with our experienced financial crime and boiler room fraud barristers.

“The clerking team is responsive, extremely approachable and knowledgeable”

The Legal 500

Get in touch

For further information and enquiries please contact our clerks team.

Boiler Room Fraud Barristers Barristers

Sam Green KC

Sam Green KC

Head of Chambers

Call: 1998 Silk: 2015

Simon Myerson KC

Simon Myerson KC

Call: 1986 Silk: 2003

Jonathan Sandiford - barrister headshot

Jonathan Sandiford KC

Call: 1992 Silk: 2020

Nicholas Worsley KC

Nicholas Worsley KC

Call: 1998 Silk: 2023

Nigel Sangster KC

Nigel Sangster KC

Call: 1976 Silk: 1998

Richard Barraclough KC

Richard Barraclough KC

Call: 1980 Silk: 2003

Jane Bewsey KC

Jane Bewsey KC

Call: 1986 Silk: 2010

John Harrison KC

John Harrison KC

Call: 1994 Silk: 2016

Cameron Brown KC

Cameron Brown KC

Call: 1998 Silk: 2020

Jeremy Barnett

Jeremy Barnett

Call: 1980

Derek Duffy

Derek Duffy

Call: 1997

Alasdair Campbell
Danielle Graham - barrister headshot

Danielle Graham

Call: 2003

James Lake

James Lake

Call: 2005

George Hazel-Owram
Kristina Goodwin
Thomas Cowan - barrister headshot

Thomas Cowan

Call: 2024

Hannah Hinton

Hannah Hinton

Call: 2008

Contact Us

Chambers is centrally located within walking distance of the train station, secure car parks and the Courts.

Contact Us

St Pauls Chambers
Park Row House
19-20 Park Row
Leeds
LS1 5JF

For out of hours assistance please call the senior clerk on 07854170429.

The switchboard will open from 08:30 until 17:30

Phone: +44 (0)1132 455 866
Email: [email protected]
CJSM: [email protected]

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