Boiler room gangs targeted in 'landmark' police crackdown

Fraudsters dupe investors into buying worthless shares and spend the cash on fast cars and villas

Boiler Room Raid
(Image credit: 2011 Getty Images)

CRIMINAL gangs who con victims out of millions of pounds have been targeted by police in the biggest ever international crackdown on 'boiler room' fraud.

Police made 110 arrests in both Spain and the UK in a series of raids on suspects who allegedly duped investors into buying worthless or non-existent shares.

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