Shareholders are being warned about attempts from individuals trying to get them involved in a boiler room scam.
Boiler room fraud involves bogus stockbrokers cold calling people to pressure them into buying shares that promise high returns. In reality the shares are either worthless or non-existent.
Several shareholders in National Milk Records Plc have been approached by people purporting to represent a company called Apollo Tiger Fund Plc. Attempts have been made by these people to persuade shareholders to enter into transactions regarding their National Milk Records shares.
Apollo Tiger Fund Plc is not authorised under the Financial Services and Markets Act 2000 to conduct a regulated activity in the UK.
Protect yourself from boiler room fraud
If you’re suspicious about a scheme’s authenticity, you should investigate the company’s status and contact details. The Financial Services Authority (FSA) regulates stockbrokers based in the UK and you can check a stockbroker’s authenticity by contacting the FSA.
If you have been a victim of any boiler room fraud, report it to Action Fraud.
Read more about the National Milk Records boiler room scam on the National Milk Records website.
Please note: Action Fraud is not responsible for the content on external websites.
To report a fraud, call Action Fraud on 0300 123 2040 or use our online fraud reporting tool.
See also:
Boiler room fraud
Boiler room share fraud warning
Land banking fraud
