Chelsea Financial Services latest target of boiler room scam

Carmen Reichman
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Scammers have cloned advice firm Chelsea Financial Services and are operating under the name Chelsea Financial, the Financial Conduct Authority (FCA) has warned.

The boiler room pretends to be located at the genuine firm's address, St James Hall, Moore Park Road, SW62JS, and uses the web address www.chelseafinancial.org. The real firm's website is www.chelseafs.co.uk. The fraudsters are believed to be calling people offering them investment propositions and asking them to send money. Chelsea has become the latest in a string of clone warnings from the FCA, following an alert about a firm using Hargreaves' name and the arrest of three suspected fraudsters. Chelsea Financial issued a statement saying: "It has been brought to our attention tha...

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