Police Swoop in Probe Into Shares Fraud ; Six Bailed After Spanish Raids As Sfo Tackles 'Boiler Rooms'

Summary

---

THE Serious Fraud Office has carried out a series of raids in Barcelona as it investigates an alleged multimillion pound international shares swindle, which is said to have defrauded British investors.

Officers from Norfolk and Suffolk, backed by Spanish police, targeted three firms allegedly linked to 'boiler room' share frauds in which false claims and high-pressure sales calls were used to sell shares in risky US companies.

See the full content of this document

Extract

---

Police Swoop in Probe Into Shares Fraud ; Six Bailed After Spanish Raids As Sfo Tackles 'Boiler Rooms'

SFO insiders are heralding last Wednesday's raids as a breakthrough in winning Spanish cooperation i...

See the full content of this document

---