Six arrested in City of London boiler room scam

It is believed that the boiler room has already accumulated approximately a million pounds from cold calling people across the UK. Using high pressurised sales tactics, carbons credits are sold for over inflated prices that are not capable of generating the returns promised, the police said. The morning operation saw fraud squad detectives descend on a City office. Searches were later carried out in properties across the south east. Detective Inspector Teresa Russell, who is leading the investigation, said: "In 2013 the City of London Police has targeted a number of City offices housi...