Police in Spain have accused the Brits of running one of Europe's biggest "boiler room" scams which offered to sell people non-existent shares in fake companies

Police in Spain have accused the Brits of running one of Europe's biggest "boiler room" scams which offered to sell people non-existent shares in fake companies.
Dyno Medical, Inca Pacific Gold and Mining and Viking Gold Resources were the names of some of the companies used by the gang.
Police have asked for any potential victims to come forward.
The men, aged between 22 and 41, were arrested in their suspected headquarters in Palma, Mallorca, in an armed raid by Spanish and British authorities.
Some of the younger members of the gang were believed to have been lured into the operation by crime bosses who targeted them in English-speaking bars.

Police say the group were living a 'life of luxury' in Spain
Detectives said the group were living "lives of luxury in the sun" on the proceeds from the scam.
Detective Superintendent Bob Wishart, from the City of London police, said it was a "major result" in the fight against boiler room scams, which are estimated to cost the UK about £200m a year.
"It is the first time in Spain that authorities believe they have dismantled an operation of this scale in its entirety," he added.
He said the suspects were talking on phones as the raids took place: