Page last updated at 09:08 GMT, Wednesday, 19 May 2010 10:08 UK

How a 'boiler room' scam victim was duped by fraudsters

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Jimmy Gill, a victim of a so-called "boiler room" scam, has warned others to be vigilant to avoid being taken in by fraudsters.

He said he was dumbstruck when he found that he could not get hold of the firm which had taken his money.

"I would consider myself to be quite prudent with my spending when it comes to investment," he added. "So if I can be caught out, I am sure there are a lot of other vulnerable people that can be caught out".

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