Nine convicted in boiler room fraud

%VIRTUAL-SkimlinksPromo%Nine people have been convicted in connection with what is thought to be the UK's largest "boiler room" fraud case, which took £70 million from more than 1,000 duped investors, authorities said.

The gang splashed out on a lavish lifestyle of foreign homes, private jets, luxury yachts and fine wine after conning Britons into buying shares in what they thought were US firms, the Serious Fraud Office said.