Artemis becomes latest fund firm targeted by scammers

Artemis Investment Management is the latest fund manager to be targeted by scammers after a number of shareholders got calls from people claiming to be brokers.

The calls were in regard to acquiring shares in Artemis VCTs at a significant premium in exchange for a bond.

Artemis says at least five of its clients have contacted the firm after getting calls. In a statement on its website, Artemis says the offer is not genuine.

A spokesman says: “We are not sure if this is fraud or another boiler room scam but we urge anyone who has been contacted and offered this deal to contact the police or the FSA. (article continues below)

“These people are offering VCTs in exchange for a bond, a deal which cannot be made. It appears that someone has got hold of a register of our clients and it appears to be a growing concern in the industry.”

Thames River Capital, Schroders, Rathbones, Octopus Investments, Royal London Asset Management and Fidelity have also been targeted by fraudsters.