Articles: Boiler rooms

Court orders boiler room fraudsters to compensate investorsJudgment
SFC, 3-Jun-2021
The case began in 2014. The HK corporate bank accounts will be used to partially compensate 75 victims with about HK$4.3m.
Court grants orders to restrain suspected boiler rooms
SFC, 7-Jan-2015
Court freezes bank accounts of suspected boiler roomsASIC warning
SFC, 19-Dec-2014
We note that Australian regulator ASIC has also warned about "Phoenix Creek Capital" which used a bank account in ICBC (Asia) held by SMD Partnership Ltd, one of the entities that the SFC warns about. ASIC also warns of a company called Drake Trading Ltd with an account at HSBC.

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