Tag: boiler room fraud

June 01, 2018 BY LeapRate Staff

France regulator AMF warns about aggressive 'boiler room' direct marketing

French financial regulator Autorité des marchés financiers (AMF) has issued a warning about the prevalence of aggressive 'boiler room' direct marketing. The AMF stated that this fraudulent practice encourages investors to purchase financial products on the basis of sales pitches incommensurate with the real value of the assets in question and with the promise of extremely…

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London police raid binary options
October 19, 2017 BY LeapRate Staff

London police raid 20 Binary Options offices in 'Day of Action'

The City of London Police has disclosed that it carried out a series of coordinated raids this past Tuesday, October 17, aimed at stemming Binary Options fraud in the city. London authorities still call Binary Options fraud a "growing problem", with the police's Action Fraud stats showing that in just the first half of 2017, 697 people…

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June 16, 2016 BY LeapRate Staff

FCA charges five people in £3 million boiler room investment fraud

Following an investigation by UK financial regulator the Financial Conduct Authority (FCA), five people have been charged with operating a boiler room scam. The five people charged are: Michael Nascimento (DOB: 28/06/1977) Hugh Edwards (DOB: 13/07/1982) Stuart Rea (DOB: 12/02/1968) Ryan Parker (previously known as Ryan Sell DOB 26/11/1992), and Jeannine Lewis (DOB: 15/09/1967). All…

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