Boiler room fraud
Boiler room fraud is a type of investment fraud. For example, criminals persuade you to give money to a project that sounds successful. It often starts with small amounts. They subsequently ask for larger and larger amounts. It turns out the project doesn’t actually exist and you lose your money.
What is boiler room fraud?
With boiler room fraud, criminals respond to the appeal of making money quickly and easily. They take the time to persuade you and use all kinds of psychological tricks in the process. They have often gathered a lot of information about you. Via social media, leaked information or phishing, where you have inadvertently entered personal information. You are told that you have been specially selected for a proposal to invest in something that is sure to earn you a lot of money and fast.
What should you pay attention to?
Criminals may get in touch in any number of ways. They often use advertisements on social media after you have left data behind. Someone will then call you from a call center. They not only do so in Dutch, but also in English. A lot of boiler room fraud is conducted on an international scale. What if you get a call and something doesn’t feel right? Hang up immediately. Did someone contact you on social media? Do not respond and delete the message.
What can you do?
If you want to give money to a project that sounds like it could be successful, always be cautious. The following checklist can help prevent investment fraud.
Check and report fraud
Are you the victim of boiler room fraud? Please report this.