Home Business NewsBusiness Heard about the City's massive police raid yesterday? It was allegedly over a Wolf of Wall Street-style scam

Heard about the City's massive police raid yesterday? It was allegedly over a Wolf of Wall Street-style scam

by LLB Reporter
25th Apr 14 9:30 am

If you were around Liverpool Street Station yesterday (Thursday), you might have spotted the formidable group of up to 20 City of London police officers marching through the streets.

They were headed to an office slap-bang in the middle of the Square Mile, to raid an alleged “boiler room” set up to defraud people out of hundreds of thousands of pounds, like that in the film The Wolf of Wall Street, the Evening Standard reports.

The raided office, near Bishopsgate, was full of suited-and-booted workers.

>> This one chart shows how Apple is smashing Facebook financially

They had reportedly been calling people to get them to invest in a company that they said had discovered a new Californian gold mine worth $36bn.

Police said this mine either did not exist at all, or that there was only a very small amount of gold.

City of London Police made fifteen arrests on suspicion of conspiracy to defraud and fraud by false representation – 14 men and one woman.

Read the full story on the Evening Standard

Follow us on LinkedIn

Leave a Comment

CLOSE AD

Sign up to our daily news alerts