Former stockbroker charged for 'boiler room' offences

Former stockbroker David Roger Griffiths Mason, of Southend-on-Sea, Essex, has been charged with five offences including making misleading statements to investors, conspiracy to defraud and money laundering. He has been bailed to attend City of London Magistrates' Court on 24 June. The offences relate to the suspected sale of shares to UK consumers by boiler rooms between November 2008 and June 2009. Up to 3,500 people each year contact the regulator saying they suspect they are being targeted by boiler rooms, and the FSA estimates the cost of this type of fraud in the UK to be £20...