Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a704659
Police arrest six in carbon credits boiler room raid
by Brian Cantwell on Sep 23, 2013 at 09:50
City of London Police have arrested six men after a raid on a suspected boiler room selling carbon credits.
The police said the Square Mile-based boiler room had already accumulated around a million pounds from cold calling people across the UK.
The operation saw fraud squad detectives descend on an office in the City and carry out searches on properties across the South East.
Detective inspector Teresa Russell, who is leading the investigation, said: ‘In 2013 the City of London Police targeted a number of City offices housing what we believe are criminal operations intent on defrauding elderly and vulnerable people out of large sums of money, some of whom have parted with their life savings.
‘We will take action against criminals involved in this type of scam, close down their operations, holding those responsible to account.’
The police urged people not to accept cold calls and to seek independent advice before committing to any financial investment.
News sponsored by:
Today's top headlines
More about this:
More from us
- Police step up fight against pension liberation with raid and arrests
- SFO urges advisers to wise up in fight against pension fraud
On the road
by Eleanor Lawrie on Dec 20, 2013 at 10:20