Victims of boiler room fraud being targeted by fraudsters for a second time
The NFIB has received reports of boiler room fraud victims being targeted via telephone by fraudsters posing as employees of the FSA.
The investors have usually reported their loss to Operation Archway, an intelligence gathering function specific to boileroom crime within the NFIB, and are now being cold called and asked to confirm the number of shares they had been conned into buying.
They are then told that the Securities and Exchange Commission (SEC) will contact them to help to get their money back
Shortly after the original approach, investors are called by someone claiming to be from the SEC saying they have several American brokerages interested in buying their shares, but to complete the transaction they first need to pay corporate registration fees at 6 per cent of the valuation of their shares.
The Director of the NFIB, Det Supt Dave Clark, said:
“Fraudsters are ruthless in the way they compound a victim’s misery by using their previous misfortune as a means to steal from them all over again.
“Anyone who is ever cold called and asked for money or information must hang up immediately and report it to Action Fraud. This will prevent them from becoming a victim of fraud, be it for the first or second time, and help us to identify who these people are and assist to track them down.”
ADVICE:
Anyone receiving telephone calls of this nature or are unsure whether the person calling you is who they claim to be, do not part with any money and end the telephone call immediately.
All feedback to be emailed to nfd@cityoflondon.pnn.police.uk.
Remember that Operation Archway/ The City of London Police/ NFIB / FSA will NEVER contact you claiming to be able to get your money back NOR will they ever put you in touch with someone who claims they can.
