Boiled Dry

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Boiled Dry

Richard Alderman, Director of the Serious Fraud Office, has

pledged to protect vulnerable consumers in the UK from fraud

1, with a special emphasis on targeting ever-increasing

boiler-room scams. But how will he do this? David McCluskey and

Ruth Lane of Peters & Peters discuss potential problems in

recovering victims' funds.

Scale of the problem

Fraud is estimated to cost the nation UK£14 billion a year

2 of which UK£500 million is said to be lost to

organised boiler room operations 3. Although many

varieties of the scam exist, they share...

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