Boiler room scam caused victims to lose £6m

摘要

TWO men were sentenced to two years in the United Kingdom for mis-selling offences which resulted in 350 people losing up to £6.2 million. The pair were at the heart of running boiler rooms which cold called victims and convinced them to invest in carbon credits and rare earth metals. This, for every victim, led to the total loss of all monies handed over. They ran three companies, Bric Global Ltd, Citygate Capital PLC and Rare Earth Commodities Ltd between June 2011 and July 2013. Bric Global claimed to be investment brokers “specialising in the green energy market” while Citygate Capital PLC claimed to offer investment opportunities in rare earth metals and oxides. The City of London Police’s Fraud Squad began investigating Bric Global in November 2012 following more than 10 reports that had been made to Action Fraud, the national fraud and cybercrime reporting centre run by the City of London Police.