FOLLOW US :
212-300-5196

White Glove Service. Excellent Results. Strong Reputation.

Read Our Reviews

NYC Boiler Room Fraud Lawyers

It is legal to use aggressive sales tactics to convince investors to purchase a stock. However, doing so often attracts negative attention and as a result, the phrase “boiler room” has come to be used for operations in which sellers use aggressive sales tactics or cold-calling on potential buyers. In some cases, those who are running or working in these operations may face accusations of boiler room fraud or investment fraud by state and federal authorities.

If you have been accused of participating in a boiler room scheme, you may be able to avoid conviction through a strong defense, counterarguments and by undermining evidence. In some instances, an experienced criminal defense lawyer may be able to have charges dropped or be able to negotiate a plea deal or immunity deal.

Here at Spodek Law Group, PC, we have a history of helping defendants like you who have been accused of boiler room scams and other types of investment fraud scams. Our legal team excels in providing aggressive, knowledgeable representation in these often-complex cases. If you have been accused of participating in a boiler room scheme and you need legal counsel, contact Spodek Law Group, PC today.

What is a Boiler Room Scheme?

Boiler room fraud occurs when a consumer is intentionally tricked into buying a fake investment opportunity. However, simply giving poor investment advice is not boiler room fraud. In order to convict a defendant, the prosecution must prove that there was a reckless disregard for the truth in enticing investors to buy and/or a willful intent to defraud. Boiler room fraud may include the following examples:

– Pre-IPO scams: Potential investors are told they can buy into an IPO, but they are sold shares of an existing company without authorization, are sold unregistered securities or are sold shares in a company that does not actually exist.

– Microcap fraud: The schemers choose a penny stock and use aggressive sales tactics to artificially inflate its value. After they sell the stock at a profit, they stop pushing the stock, and the price ultimately plummets.

– Ponzi schemes: Investors are enticed to purchase investments in which profits are generated from new investors. In other words, older investors are paid with funds from new investors.

Boiler Room Fraud Penalties

Penalties for a boiler room fraud scam will depend on the amount of money stolen, the defendant’s level of involvement in the scheme, how the operation was structured and a number of other factors.

It is important to understand that defendants may face charges specific to investment fraud as well as other offenses such as mail fraud and wire fraud — each of which carries a maximum of 20 to 30 years imprisonment sentence, depending on whether a financial institution was defrauded in the scam.

Defendants cannot pick and choose whether they face federal or state charges. The type of charges will depend on the type of crime, the amount of money obtained and other factors. Once they have been charged, they may find their assets are subject to criminal or civil forfeiture, their accounts are frozen and they now must pay restitution and face civil lawsuits.

A NYC Criminal Defense Lawyer Can Help Defend You Against Accusations of Boiler Room Fraud

The legal team of Spodek Law Group, PC knows how frightening it can be to find yourself facing charges for involvement in a boiler room scheme, especially if you did not know that the products you were selling were illegitimate.

Our NYC criminal defense lawyers aggressively fight to protect the rights of our clients who have been accused of participating in boiler room scams, regardless of their alleged role in the conspiracy. We have the experience and knowledge necessary to raise defenses, undermine a prosecutor’s case or negotiate a plea deal or immunity agreement in an attempt to avoid or reduce the consequences of your alleged criminal actions.

If you would like more information about our legal team can be of assistance, please contact our office today. Time is of the essence, and it is important to seek representation as soon as possible. Our professional NYC criminal defense attorneys will help to answer your questions and walk you through the legal process as we work to protect your rights.


Charle Butler
Charle Butler
2021-03-12
Verified
I was hesitant to hire the Spodek Law Group. I read reviews and knew they have a great reputation. However, I thought I would spend money and not see or speak to my attorney. From the beginning to end of my case Todd and the entire staff were available and willing to help. We worked towards and end result that was way above my expectation and Todd delivered. I am forever grateful for patience and long days and night spent working on my case. Thanks Todd and the entire team!
Mesonista parsons
Mesonista parsons
2021-03-05
Verified
My attorney at Spodek was Abigail. She was very knowledgeable and helpful with all my questions and concerns, as well as responsive. Her fees are affordable and Abigail took the time to make sure I understood everything relating to my case. I highly recommend Abigail and will request her services in the future.
debabrata chakraborty
debabrata chakraborty
2021-03-03
Verified
Todd A Spodek is the experienced and best criminal lawyer at USA. He is very professional and always respond on time. Alex also very cooperative and always help me. They took care me and my problem like family member. I am 100% satisfied for their professional service. My result was unexpected and amazing. They dismissed my case. I am really grateful to them. I will recommend you to go there if you want to solve your problem. I wish all the best for them.
Asata Hendricks
Asata Hendricks
2021-03-02
Verified
Truly appreciate the work the guys did!. Exceptional team & I know they care about each and everyone of their clients. I am super thankful to be referred to Spodek Law Group and I am grateful Todd & Alex were able to work diligently to achieve an outcome I am pleased with. Despite COVID they stayed on top of things and kept me informed every step of the way. Very thankful.
Mike Moroff
Mike Moroff
2021-02-26
Verified
I'm very satisfied with the services rendered by Todd, Alex and Mary Lou. I whole heartedly recommend Spodek Law Group . I've worked with and have retained other attorneys in the past with Todd's firm being the cream of the crop for many reasons. A very serious legal matter was resolved after a year's hard work and effort. Todd expertly guided me through the process and was able to navigate and make the good journey bearable as well as successful. Mary Lou initially provided excellent assistance before referring my case to Todd. Alex's support was effective and timely. The customer portal (MyCase) is an invaluable communication tool that also kept track of my case. Various aspects of my case were explained and there were several options provided but I made the final decision of how the case would be handled. The legal fee was reasonable considering the effort and amount of work plus it was a flat fee regardless of the length of time required to conclude my case. Todd made himself available to me and we had many scheduled meetings to go over the progress and to discuss the next steps. I felt more confident after many discussions with him. You will not go wrong choosing Spodek Law Group for legal matters.
Josh Katz
Josh Katz
2021-02-24
Verified
Being that it was the first time that I was in need of an attorney, I was afraid and hesitant and knew I needed the absolute best. It is beyond understood why Spodek Law Group has a reputation of being the top, if not the best law firm in New York. Alex and Abigail were there every step of the way even at the most unconvenient hours. I could not have asked for more. They are extremely good at what they do and they delivered much much more than just winning my case. A big thank you to Alex and Abigail for all the guidance and counseling and their upmost loyal support that extended far more than just legally. If you need the absolute best than don't hesitate to hire Spodek Law Firm.
L.C.
L.C.
2021-02-24
Verified
I cannot tell you how thankful I am to Todd and Alex for their hard work and dedication to my case. I had never been in any trouble before but I had an unfortunate event occur and in the midst of COVID-19 at that therefore I knew I needed a team that was dedicated to my success. Today- my case has been finalized and I’m walking away with no record and can continue life as a mother and a Grad student worry free. I cannot express enough gratitude for their assistance.
AnnMarie Soliman
AnnMarie Soliman
2021-02-23
Verified
I received a summons and called Spodek law group for a free consultation. Alex took my call and was very quick and responsive. He was available anytime through multiple platforms and very reassuring when needed. They are extremely organized and thorough. They got my case dismissed! I’m very grateful. Thank you Alex and Todd!

FREE CONSULTATION

Testimonials

Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.

~ David Bruce

Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.

~ Rowlin Garcia

Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.

~ Francis Anim

Spodek Law Group

White Glove Service

We provide superior service, excellent results, at a level superior to other criminal defense law firms. Regardless of where your case is, nationwide, we can help you.

Get In Touch

Schedule Your Consultation

Los Angeles

555 W 5th St 35th floor, Los Angeles, CA 90013

212-300-5196



get directions

Queens

35-37 36th St, 2nd Floor Astoria, NY 11106

212-300-5196



get directions

NYC

85 Broad St 30th Floor, New York, NY 10004

212-300-5196



get directions

Brooklyn

195 Montague St., 14th Floor, Brooklyn, NY 11201

212-300-5196



get directions

Call Us