110 individuals were arrested in the UK, Spain, Serbia and the US in relation to allegations of organised criminal activity concerning boiler room share and carbon credit companies.
The international operation involved the UK's National Crime Agency (NCA), the FCA, the SFO, City of London Police, US authorities, and the Spanish Policía Nacional.
There were eighty-four arrests in Spain, twenty in the UK, two in the USA, and four in Serbia.
The 'ground-breaking' and 'unprecedented' operation led to the closure of fourteen alleged boiler room frauds in Spain, two in the UK, and one in Serbia.
This is another example of increasing international co-operation between various criminal and regulatory authorities.
The authorities within these various jurisdictions have seized various valuable assets with a view to confiscating them, and believe that hundreds of millions of pounds were defrauded.
We have successfully defended (and are defending) allegations of boiler room/carbon credit frauds, asset confiscation and have advised and acted for victims of these frauds. If you are affected by any of these issues please contact us on 0207 387 2032 or complete our online enquiry form here.
