What is a boiler room?

[NaRangsit]

I always thought it was the airing cupboard but apparently it means something else here. Is it some kind of gay sauna in Silom? I hear they are quite popular.

[Fabricus]

The image below shows the Home Place Building, Soi Thonglor. You know exactly why I'm showing you this photo.

Move on, little Mr Tiger. This latest troll venture of yours is every bit as transparent as your GAYLIPS account.

[NaRangsit]

It looked a bit like one of those 'bath' houses on Rachada, My mistake.

[swissie]

It's "Boiler Room Operation": It's a congregation of white collar criminals that sell phony Canadian Mining Shares, life/health insurance. real-estate etc, etc. Operating by Telefone and e-mail (today). After having received the money from some suckers, they close down shop after a few weeks, only to re-start under a different name and address.

Where does the name come from? In the late 1920/early 1930, the concept first started in the US. One didn't need an office, just a Telefone, so oftentimes those operations were conducted out of "Boiler Rooms". = Cheaper than rent office space.

What is or WAS a boiler room? In the old days, high rise buildings had a Boiler Room in the cellar to supply the building with heating/hot water. The coal-fired furnaces gave employment to freshly arrived immigrants plus Boiler Room Operators.

Cheers.

[seancbk]

https://en.wikipedia.org/wiki/Boiler_room_(business)

[CharlieH]

A number of reasons to choose from but TROLL will suffice.

CLOSED