Six men have been arrested as part of an investigation into a suspected "boiler room" selling overpriced carbon credits. City of London Police detectives said the fraudsters were believed to have made £1m by cold-calling people across the country. Boiler rooms use high-pressure sales tactics, such as making repeated calls, to persuade people to buy investments that turn out to be overpriced, difficult to sell or even nonexistent. In the past, many boiler rooms have dealt in shares, identifying potential targets by checking the shareholder registers of reputable British companies, which are public documents. The fraudsters have reacted to increased awareness of share scams by moving into other areas such as carbon credits – tradable permits that allow organisations to burn a set amount of carbon. ....Read more here


Father and sons boiler room scam sent to prison - AAD Blog page capture in Aug 2011
hree men have been jailed at Southwark Crown Court for a total of 19 years in jail for a £27.5m boiler room fraud.....More can be read at AAD Blog pages