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Boiler room share warning - list of targets seized

19th May 2010

More than 38,000 people from across the UK are being warned that they could be the target of share fraud after a master list used by boiler room fraudsters was recovered.

Share fraudsters, commonly known as boiler rooms, usually contact people by telephone and use high pressure sales tactics to con investors into buying non-tradable, overpriced or even non-existent shares. These fraudsters are unauthorised, often overseas-based companies with fake UK addresses and phone lines that are routed abroad.

 

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