What is boiler room fraud and who investigates it?
In short: Paucitas records what happened to your money in a boiler room case and investigates the party that approached you by telephone. What is boiler room fraud, put plainly, is the sale of non existent or worthless investments through intensive telephone and digital contact, and Paucitas investigates it for private individuals, companies and solicitors in the UK.
Prefer to speak to someone straight away? Call 24/7+31 20 244 5774
What Paucitas does
We first establish where your money went: which wallets or accounts received your payments and how the balance was distributed afterwards. In parallel we map the party itself, using the domain name, the trading names used and the numbers you were called from.
Those two lines are kept apart in the report. The flow of funds is a matter of record; the description of the approach is an account of what your own material shows.
An investigation establishes three things: where your money went, which names and channels the seller used, and whether the pattern of the approach can be documented. The question what is boiler room fraud is answered in the file by the pattern itself rather than by a label, because a label is for the authorities to apply.
What you supply
You supply Paucitas with your proofs of payment and the payment addresses, the prospectus or the documents you were given, and the numbers you were called from. The step most often underestimated is keeping exactly those telephone numbers and the times of the calls: together they show the pattern of the approach, even when the website is already offline.
Anything written down at the time is valuable: the dates and times of the calls, the numbers, the names given, and the documents you were sent. Those numbers and times are the part people throw away first and miss most.
Where a website or an app was involved, add the address and any screenshots you kept of the account overview. A page that is already offline can often still be retrieved from public archives, and the version you saw is what matters for the file rather than the version that is live now.
What you receive
You receive a report from Paucitas with the flow of funds, an overview of the names and channels used, and a description of the method as it appears from your data. The report is written so that it fits a report to Report Fraud or Police Scotland and the questions a bank asks about an outgoing payment.
In the UK, the regulatory setting is relevant in one specific way. The FCA publishes a Warning List of firms it is concerned are operating without its permission, and a file that matches a known warning tends to move faster with a bank. Where no warning exists, the documented pattern has to do the work on its own, which is precisely what the report is built for.
How to get started
You come to Paucitas with the name under which you were approached and the amounts you transferred. A first assessment costs nothing and tells you whether there is enough to work with. The contact page is the place to start, and a short message is enough.
Older cases are still worth a message. Bank statements can be requested and the chain stays readable, so age reduces the chance of recovery rather than the chance of establishing what happened.
Whether a provider is legally qualified as a boiler room is for the competent authorities to decide.
Would you like to know what this means for your situation? Ring us on +31 20 244 5774, day or night, or fill in our contact form and you will hear from us within 1 to 3 hours. We answer emails within 24 hours, usually the same day. The intake is free and without obligation.
Do you have a question about your own situation?
Feel free to get in touch with Paucitas. Paucitas can be reached by phone 24/7, including evenings and weekends. Through the contact form we usually reply within 1 to 3 hours, and we answer e-mail within 24 hours.
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Frequently asked questions
About your case
What is boiler room fraud exactly?
Paucitas explains: it is the sale of non existent or worthless investments through intensive telephone and digital contact, usually followed by pressure to pay again before a withdrawal is allowed.
Does Paucitas investigate older cases as well?
Paucitas: yes. On-chain data remain available for years, and bank statements can be requested. Age lowers the chance of recovery, not the chance of establishing the facts.
Can a company also be a victim?
Paucitas: yes, and it happens regularly. For companies we also set out the effect on the accounts, which an accountant will ask about.
From Amsterdam, for the whole of the UK
Everything can be done fully online. Prefer to meet in person? You are very welcome at our office in Amsterdam, by appointment.
Paucitas is an independent expert firm based in the Netherlands that, for clients across the UK, investigates investment fraud and crypto fraud, establishes the origin and legitimacy of crypto assets and prepares expert reports for legal proceedings and compliance.
Your own situation
If you are reading this, you probably have a question about your own situation. That is exactly what Paucitas does.
The first step is contact by phone. You can book that call by phone or through the contact form, so you do not have to wait. In the call we look together at what can factually be established in your case and what Paucitas can examine for you.