UK boiler room scammers ordered to repay victims

Pedro Gonçalves
clock • 1 min read

A trio of convicted fraudsters who cheated retired and vulnerable investors out of more than £1.4m have been forced by the City watchdog to pay compensation to the victims of their investment scam. The Financial Conduct Authority (FCA) has ordered  Aleem Mirza and Samrat Bhandari to hand over £1.2m and £376,604 respectively, to help compensate hundreds of investors who were mis-sold shares in Mirza's "healthcare solutions" business Symbiosis Healthcare between 2009 and 2014. In total,...

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