From The Telegraph:
Fraudsters use various ways to get your money. Jonathan Phelan reveals how to keep your cash safe.
Take care of your money. Our research indicates that the average victim of a typical investment scam, called a boiler room, loses £20,000. We hear of people who have spent hundreds of thousands of pounds from their pensions and savings – or even borrowed cash – to spend on transactions that turned out to be a con.
Jonathan Phelan is head of retail enforcement at the Financial Services Authority….
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