City of London Trading Standards and Police have been raising awareness of investment fraud and providing advice to help people protect themselves and their family.
As part of the continuing work of Operation Broadway a number of victim testimonies are now shared on City of London Police social media channels. Data from Action Fraud has also revealed that men aged over 65 are the most likely to fall victim to investment fraud, with the average loss being some £32,000.
Operation Broadway is an ongoing London-wide intelligence-led drive to uncover and disrupt suspected ‘boiler room’ investment frauds operating out of the capital.
- View the the London Trading Standards YouTube video on Operation Broadway here
- View the victim videos here
- Read the guardian’s coverage here
- Read the Sun’s coverage here
Specialist officer to work across London
The City of London Corporation has also created a specialist trading standards officer post under the Operation Broadway remit. This will focus on rolling the City’s model out across London’s 32 local authorities.
The specialist will work with London trading standards teams to ensure mail forwarding companies and serviced office providers are not allowing boiler rooms to operate on their patch. It is also hoped that this work will produce useful intelligence that will make it even harder for investment fraudsters to operate.
Jon Averns, Port Health and Public Protection Director at City of London Corporation said:
“Working with our partners across London, we are creating a hostile environment for fraudsters who are duping people with the promise of high returns on false investments”
For more information visit the City of London Police website.