Scam alert: Interactive Investor boiler room con

29 March 2013

Moneywise's sister website Interactive Investor (ii) believes a boiler room scam is using its name and contact details to swindle investors.

ii has heard from two members of the public who were cold called by fraudsters claiming to be from the company and urging them to buy two stocks – Vectura and Blnx.

One investor has been conned out of £23,000 after transferring money to an offshore account to buy the stocks.

The scammers are following up their cold-calls with fraudulent emails, also purporting to be from ii.

Brian Gray, head of risk and compliance at ii, said: "The fraudulent emails look genuine but they include a false telephone number, email address and regulatory information."
The genuine web address for ii is, not a .com address, which the scam email includes as a link to the site.

Gray added: "Reputable firms don't call clients to sell you investments over the phone. If you receive a call from anyone trying to sell you stocks over the phone, put it down immediately. We only ever take money through"

If you think you have been contacted by, or fallen victim to, the ii or any other scammers, notify ActionFraud on 0300 123 2040.

For more information on boiler room scams, visit the Financial Conduct Authority's website at

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