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.
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.
Robots, ransomware and rip-offs… how criminals are getting smarter. Read more.
Four men found guilty in a £1.4m cold-calling investment scam were each sentenced to several months in prison yesterday. Read more.
The High Court has shut down an unregulated Cyprus-based investment scheme following an application by the Financial Conduct Authority (FCA). Read more.
After a prosecution from the financial regulator, six individuals have been found guilty over the scheme. Read more.