Fears over boiler-room scam

Thousands of investors’ personal details have been discovered on a “master list” circulating between fraudsters involved in boiler-room scams. The Financial Services Authority (FSA) and City of London Police have warned that the list contains the names of around 10,000 investors, some with addresses and phone numbers. This has led to the launch of Operation Warn amid “serious concerns” fraudsters were using the information to target people and sell them worthless shares.