Fraudster warning

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DOZENS of people in the North East are being warned that they could be targets for fraudsters.

The Financial Services Authority (FSA) is contacting more than 200 people in the region after recovering names from lists used by companies believed to be selling non-existent or worthless shares, or fraudulently selling land.

The list – which totals 76,732 names – is the largest number of target victims that the FSA has ever contacted in one go.

The letter, which can be found online, provides tips on how to spot a scam, avoid becoming a victim and what to do if you have already invested.

Investors in unauthorised firms are not covered by an official compensation scheme.

Full details at www.fsa.gov.uk or on 0845 155 6355.