Two brothers from Norfolk, who defrauded more than 200 victims out of almost £17 million, have been sentenced to a total of 11 years in prison. Read more.
The scheme has been dubbed by some as a “pyramid scheme” – also known as ‘investment circles’ or ‘investment boards’. Read more.
Chris Hemming, a business owner from the West Midlands, invested £60,000 across two cryptocurrency trading platforms in February. Read more.
Members of the public are receiving unsolicited calls from forceful salespeople offering huge pension rewards. Read more.
The founder of Money Saving Expert has said he will sue Facebook over the use of his image in fake adverts for binary options scams. Read more.
The Financial Industry Regulatory Authority (FINRA) has issued an Investor Alert warning investors to beware of financial scams in which con artists are posing as regulators to make fraudulent investment pitches. Read more.
French authorities have put numbers on a massive fraud uncovered last year, with an estimated 66.5 million bottles of inferior wine being sold off as Côtes du Rhône, with some even labelled as Châteauneuf-du-Pape. Read more.
The Mail on Sunday has unmasked a fraudster behind an action group which last summer won £200 million of taxpayers’ money in a settlement for small investors from RBS. Read more.
An Irish tycoon who ran a ‘Wolf of Wall Street’ boiler room where he conned elderly investors out of their life savings for worthless carbon credits and low-quality diamonds has been found guilty of fraud. Read more.
The Nova Scotia Securities Commission (NSSC) has reminded investors to do their due diligence when investing, especially in cryptocurrencies and initial coin offerings, as March is Fraud Prevention Month. Read more.