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September 6, 2018 By Julia Nicholls

£2.8 million boiler room scam – five jailed

The elderly and vulnerable were targeted in a huge ‘boiler room’ scam, resulting in £2.8 million in losses for more than 170 victims. Five fraudsters have now been jailed for a total of nearly 18 years for their involvement in the complex scam, following a successful criminal prosecution by the Financial Conduct Authority (FCA).

Read more here: Action Fraud

Filed Under: News

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