A surge of investment fraud

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This is from the FT this morning:

A surge of investment fraud based in London’s financial centre has sparked alarm over the possible contamination of its brand, and authorities have begun a campaign of disruption against suspected criminals using exclusive addresses such as Tower 42 on Old Broad Street and Heron Tower.

Dozens of people have been arrested as police made unannounced office visits, and at least 14 suspected criminal groups disrupted, police say.
The frauds invariably involve the sale of fake investments.
Need I say more? Wasn't it ever thus? As tax haven abuse reduces in appeal to the criminal end of the market another abuse rises in the City to take its place.