A boiler room is an operation where groups of scammers, often working from call centers or temporary offices, collaborate to run large-scale fraud schemes. These operations typically involve high-pressure sales tactics to convince victims to invest in fake or worthless financial products, such as stocks, bonds, or cryptocurrencies. Boiler rooms are often located overseas to evade law enforcement and regulatory agencies. The staff is trained to sound convincing and may use fake identities or company names. Victims are usually targeted through unsolicited phone calls, emails, or social media messages. The primary goal is to extract as much money as possible from victims before the operation disappears or is shut down by authorities.