The Financial Services Authority is contacting more than 38,000 people across the UK to warn them they are being targeted by so-called ‘boiler room’ share fraudsters.
These criminals use high-pressure telephone sales tactics to con investors into buying shares that are worthless or even non-existent. The contact details of people on the list are bought and sold by teams of bogus dealers who try to sell worthless shares.
The FSA’s list of potential targets was obtained with the help of the US authorities and contains the names and addresses of 38,242 people.
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