'Boiler Room' Crooks Turn to Britain

Summary


BRITISH investors are facing an onslaught from crooked peddlers of worthless shares operating out of so-called "boiler rooms" in inaccessible locations overseas.

City watchdog the Financial Services Authority today warned that the latest con from unauthorised investment firms is to sell mostly worthless shares in unquoted UK companies at vastly inflated prices to unsuspecting buyers.

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Extract


'Boiler Room' Crooks Turn to Britain

They also scoop fees of up...

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