Written 4th November 2013 by Olliers Solicitors
Olliers experience of defending boiler room fraud offences dates back many years. The firm’s reputation for committed and rigorous defence work means that we attract some of the most complex fraud cases in the country.
Boiler room fraud tends to operate from overseas in countries such as Spain, United States, Switzerland or the Middle East, meaning that they are outside control of the Financial Services Authority and the regulation of share dealing under the Financial Services and Market Act 2000.
The operation is alleged to involve the selling of worthless or low value shares. Potential investors are often cold called from overseas and made the subject of highly sophisticated and persuasive sales pitches.
Often individuals accused of this kind of fraud are to some extent victims themselves because they have been recruited not knowing that they are a party to a fraud, in other words they are unwitting players in the boiler room scam.
Our Services
Olliers provide specialist advice and representation throughout England and Wales.
We are ranked as a Top Tier criminal firm in both of 2013 editions of the Legal 500 and Chambers Directory.
If you are facing an allegation of boiler room fraud, contact Matthew Claughton or Richard Holliday on 0161 834 1515.
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Olliers is one of the UK’s leading criminal defence and regulatory law firms, specialising in the defence of individuals, businesses, and other organisations across a broad range of corporate and financial crime, regulatory offences, serious crime and sexual offences. We act in professional discipline matters. We use the same skillset to represent individuals and organisations facing criticism before inquests and public inquires.
