Sentences with phrase «overseas boiler rooms»

In February 2007, after the presentation of a FSA winding petition the High Court placed the Inertia Partnership LLP into compulsory liquidation after it had assisted overseas boiler rooms by acting as an escrow agent.

Sometimes offshore boiler rooms will use a UK company as an «escrow agent» and investors will be encouraged to take comfort in the fact that they are transferring their money to a UK company, wrongly believing that they are covered by statutory protections, while the UK - based company is in fact transferring substantial sums of their money to an overseas boiler room operator.

Not exact matches

It isn't often you hear about the 5 - man shop with its own U.S - based boiler room operation taking things overseas.

Although the fact that boiler rooms tend to be based overseas is an inherent problem for prosecuting authorities, often convictions are secured by focusing on the UK link.