Samrat Bhandari, who played a prime role in the operation of an investment scheme which led to investors collectively losing more than £1.4m, has been sentenced to three and a half years imprisonment. Read more.
Industry insiders hoping for government action on cold calling were left disappointed yesterday with ministers giving a lukewarm reception to efforts to institute a ban. Read more.
Cryptocurrency investors are claiming to have lost their life savings in a devastating crash which saw a £200 virtual coin become almost worthless overnight. Read more.
Charles Ponzi, the Italian convict who gave his name to financial scams, died 69 years ago today. His name has become synonymous with double-dealing in business, particularly since the 2008 financial crisis which exposed a number of swindles, the greatest of which was New York money manager Bernard Madoff defrauding clients of more than $50bn. Read more.
Facebook is under heavy fire once again, this time from users claiming that the firm is profiting from fraudsters using its integrated Ads Manager feature to promote dodgy cryptocurrency ‘get rich quick’ schemes in its updated News Feed. Read more.
Criminals are now trying to scam you through WhatsApp as well as emails and texts – this is how to make sure you’re not caught. Read more.
THE BITCOIN price has been heavily criticised, with former Wells Fargo chairman and CEO Dick Kovacevich declaring he believes bitcoin is a scam and a “pyramid scheme” amid a continuing demand for the cryptocurrency. Read more.
Brits gambling on a quick quid through so-called binary options trading are frequently being scammed by fraudulent operators, says independent watchdog Action Fraud. Read more.
Investors duped by an online investment scam have seen their losses rocket over the last five years. Read more.
he Pensions Ombudsman has rejected a claim, made by a victim of a carbon credit scam, that his original financial adviser did not carry out sufficient due diligence to protect his pension assets. Read more.