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.
Investors who lost pensions and life-savings when their money was moved to a high-risk scheme without their knowledge said today they felt betrayed by the two brothers behind the £17m scam. Read more.
A chartered financial planner has warned of the use of new video technology in scams after one of his clients nearly lost £20,000. Read more.
A bogus businessman has been handed the maximum 15-year ban from acting as a director of a company after swindling farmland investors out of more than £500,000. Read more.
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.