FSA sends fraud warning to land investors More than 75,000 people will receive a letter from the regulator within the next six weeks warning them that their name appears on lists used by criminals to sell fraudulent investments in land and shares. Those receiving the letter will be provided with advice about how to spot potential scams and what to do if they have already put money into a fraudulent scheme. "If you get a letter or email from the FSA over the next five or six weeks, please read it - it could save you tens of thousands of pounds," said Jonathan Phelan, head of unauthorised business at the FSA. Mr Phelan is calling on anyone who has received an offer to invest in a "once-in-a-lifetime" opportunity to contact them, as the regulator attempts to track down criminal investment schemes. The FSA has moved to shut down several so-called "boiler room" operations in its efforts to protect investors.