Page last updated at 10:05 GMT, Wednesday, 19 May 2010 11:05 UK

38,000 people in fraud warning

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38,000 people are to be warned that they're on a hit list for share fraudsters.

The Financial Services Authority has found the biggest ever master list handed round by teams of bogus dealers who bombard people with calls to try to sell them worthless investments.

The scam operations, nicknamed "boiler rooms", make millions of pounds from unsuspecting investors.

Simon Gompertz reports.

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