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.
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.