110 held in four nations in ‘boiler room’ share fraud
1 March 2014 6:32 AM IST
Of the arrests, 84 were in Spain, 20 in Britain, four in Serbia and two in the United States of America. Most were on suspicion of money laundering and fraud. About 300 police in Spain and 40 in London carried out raids in Barcelona, Madrid, Marbella and London.
City of London Police Commander Steve Head said the suspects had stolen millions of pounds from more than 1,000 victims, many of them British retirees. The raids earlier this week were made public Friday after a Spanish judge lifted a reporting ban.
City of London Police Commander Steve Head said the suspects had stolen millions of pounds from more than 1,000 victims, many of them British retirees. The raids earlier this week were made public Friday after a Spanish judge lifted a reporting ban.
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