The alleged investment fraud tactic known as ‘boiler room’ has continued operating for over a year. The U.K. Financial Conduct Authority has charged a group of five individuals with investment fraud. The allegations against Michael Nascimento, Hugh Edwards, Stuart Rea, Ryan Parker (previously known as Ryan Sell) and Jeannine Lewis come under a thorough investigation […]
Tag: boiler room scam
Another IFA falls victim to boiler room scam
Regulator warns against two London-based boiler room operations. Boiler room fraudsters are contacting consumers posing as a County Durham-based advisory firm, which is the latest victim of the growing spectre of so-called ‘clone firm’ scams. According to an alert published last week by the regulator, a London-based boiler room is contacting customers from an email […]
Man jailed for his part in boiler room scam
A man involved in a ‘boiler room’ scam which targeted victims from across the UK, including East Surrey, has been jailed for three years. Link to article