Boiler room scams use high-pressure tactics to sell risky financial products and are often illegal and take advantage of people. These scams usually involve making phone calls, sending texts, or using social media to push potential investors into making hasty decisions. While these scams can be found all over the world, their goal is the same: to mislead individuals into making bad investment choices. If someone falls victim to a scam like this, it’s important for them to seek legal help to find out how they might recover their losses. Additionally, people who report these fraudulent activities may be rewarded, which helps stop further scams from happening.
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