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Police shut down scam ‘cryptocurrency boiler room’ in London financial distrct

gata.org / By Cara McGoogan via The Telegraph, London / August 11, 2017

Police have shut down a fraudulent cryptocurrency business in the City of London after it was found to be cold calling investors and attempting to sell them fake online money.

Fraudsters allegedly set up the business in London’s square mile in an attempt to legitimise their activity persuading victims to invest in a fictional cryptocurrency.

The City of London Police arrested a man on Wednesday on suspicion of helping to set up the scam call centre, or “boiler room,” on Old Broad Street, which is around the corner from the Bank of England.

The man is accused of trying to entice victims to invest in a fictional cryptocurrency, the police said. …

… For the remainder of the report:

http://www.telegraph.co.uk/technology/2017/08/11/police-shut-scam-crypto…

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