Investment scams spike as fraudsters use City firms' addresses

Police stumped as number of financial fraud cases soars

The number of fraud cases using established financial addresses in the City of London has surged, ringing alarm bells for the city's police force.

Fraudsters have been using prominent financial addresses in the heart of the City of London to carry out financial scams on vulnerable individuals, the Financial Times reports. The criminals have been setting up scams on anything from wine to oil wells, and then taking the money and disappearing without a trace. The city's police force said the situations had got so bad they were struggling to cope as the number of cases surged, and worries have escalated over the respected city name being implicated in crime. The police has already investigated dozens of individuals, and has inter...