Share fraud & boiler room scams

Warning to Unilever PLC Shareholders

Share fraud warning

We have become aware that some shareholders in Unilever PLC are receiving unsolicited phone calls concerning their shareholding in Unilever and other investment matters. These are typically from overseas brokers who do not in fact represent Unilever and are trying to sell other investment products which could be worthless or very high risk investments. These operations are commonly known as ‘boiler rooms’. If you are approached by such a broker purporting to represent Unilever, please act with extreme caution.

Share fraud includes scams where investors are cold called out of the blue and offered shares that often turn out to be worthless or non-existent, or an inflated price for shares they own. These calls come from fraudsters operating in ‘boiler rooms’ that are mostly based abroad.

While high profits are promised, those who buy or sell shares in this way usually lose their money.

The Financial Conduct Authority (FCA) has found most share fraud victims are experienced investors who lose an average of £20,000, with around £200m lost in the UK each year.

Please download the FCA leaflet on share fraud (PDF | 60KB) for further information.

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