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Forex scams
Democratizing Investing: A Revolution in the Making?
Education Center
Blockchain Use Cases in Food Traceability: Opportunities and
Education Center
Blockchain to the Rescue: A New Era of Microfinance
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Fxview Puts Technology Enablement into Perspective
Thought Leadership
Democratizing Investing: A Revolution in the Making?
Education Center
Blockchain Use Cases in Food Traceability: Opportunities and
Education Center
Blockchain to the Rescue: A New Era of Microfinance
Education Center
Fxview Puts Technology Enablement into Perspective
Thought Leadership
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forex scams
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Retail FX
FCA to Compensate 24HR Trading Academy Victims
The scheme operator had to declare bankruptcy after failing to pay the penalty.
The FCA initially brought the case against Mohammed Maricar in April 2020.
Friday, 24/02/2023 | 10:58 GMT
by
Arnab Shome
Retail FX
SEC Busts $4.3 Million FX Ponzi Schemes
The two schemes, Avail Progression and Elite Generators, dupped over 100 investors.
The operator of the schemes did not invest any proceeds.
Monday, 19/12/2022 | 06:19 GMT
by
Arnab Shome
Retail FX
Aussie Police Charge 4 Chinese Men in an AU$100M FX/Crypto Scam
The four defendants registered companies in Australia and opened bank accounts for money laundering.
Most of the victims of the scam are in the United States.
Friday, 09/12/2022 | 11:52 GMT
by
Arnab Shome
Retail FX
Thailand Seeks Extradition of 2 Foreigners for Forex-3D Scam
They were among the 16 suspects in the scam.
The suspects even involved famous Thai celebrities.
Friday, 11/11/2022 | 08:36 GMT
by
Arnab Shome
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Retail FX
Ztegrity to Pay over $940K for FX Pool Trading Fraud
The operators touted the scheme to be better than savings deposits with low or zero risks.
It offered a guaranteed repayment.
Wednesday, 12/10/2022 | 06:23 GMT
by
Arnab Shome
Thought Leaders
How sophisticated fintech upgrades can lead to financial scams and trading fraud
How do you minimize your risk of being scammed?
Thursday, 06/10/2022 | 12:34 GMT
by
FM
Retail FX
US Men Pled Guilty to $30 Million Forex Scam
They fabricated massive trading losses to swindle the investors’ funds.
They routed the funds through shell companies to hide traces.
Monday, 26/09/2022 | 09:00 GMT
by
Arnab Shome
Retail FX
Popular Thai YouTuber Swindles $55 Million in Forex Trading Scam
She defrauded more than 6,000 investors.
She last appeared in an Instagram video in May.
Wednesday, 31/08/2022 | 11:17 GMT
by
Arnab Shome
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Retail FX
UK Court Closes Down Genesis11, Says Online Broker Is Unregulated
At least seven investors lost £263,000.
The Official Receiver of the Public Interest Unit has been appointed as the liquidator.
Monday, 18/07/2022 | 14:35 GMT
by
Solomon Oladipupo
Retail FX
Dmitry-Dima Leichtman and Ran Peled Named in Israeli Arrests
The three suspects are charged with money laundering, tax evasion and investment fraud.
Company offices in Haifa were raided and computer equipment seized
Sunday, 15/05/2022 | 19:50 GMT
by
Finance Magnates Staff
Retail FX
Latvian and Lithuanian Authorities Detain 108 People over Call Center Scam
The fraudsters were running fake financial investment schemes.
Europol and Eurojust also supported the operation.
Friday, 01/04/2022 | 10:52 GMT
by
Bilal Jafar
Institutional FX
French Authorities Blacklist Nine Websites, Warn against Fake FX, Crypto Dealers
AMF, ACPR fingered eight FX, one crypto derivatives unauthorized sites.
They urged citizens to consult the register of authorized investment service providers.
Thursday, 31/03/2022 | 06:43 GMT
by
Solomon Oladipupo
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Retail FX
Four Arrested, 50 Detained in Israeli Police Forex Raid
Nazareth offices raided
Call centre targeted the Gulf States
Wednesday, 12/01/2022 | 16:53 GMT
by
Finance Magnates Staff
Retail FX
CFTC Charges Thomas Plaut and His Firms for $4.7M Forex Fraud
The two companies misappropriated at least $4.7 million of client deposits.
They also ignored the CFTC registration requirements and customer protection rules.
Wednesday, 29/12/2021 | 07:17 GMT
by
Arnab Shome
Institutional FX
AMF Warns against Unauthorized Firms Offering Alternative Investments
The AMF regularly updates its blacklist of new entities offering authorized investments.
New online platforms have a huge influence on young investors.
Tuesday, 21/12/2021 | 08:33 GMT
by
Nicholas Otieno
Institutional FX
CySEC Reports €1.9Bn as 2020 Annual Income by Cyprus’ Investment Firms
CySEC provides insights concerning Cyprus Investment Firms (CIF).
The report helps clients, partners and associates to avoid business risks.
Tuesday, 21/12/2021 | 07:13 GMT
by
Nicholas Otieno
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Retail FX
Forex Scams, Strict Regulations and Crackdowns, What to Expect in 2022?
Authorities around the world have increased crackdowns against illegal financial services providers.
Monday, 22/11/2021 | 13:21 GMT
by
Bilal Jafar
Retail FX
26 Israelis Nabbed for FX/Crypto Scam Released, Overseas Busts Continue
The Cypriot authorities reportedly arrested one person in connection with the racket.
Tuesday, 12/10/2021 | 08:59 GMT
by
Arnab Shome
News
Nigerian Police Arrest Brisk Capital CEO for Alleged $4M Investment Fraud
The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.
Tuesday, 25/05/2021 | 22:39 GMT
by
Felipe Erazo
Retail FX
SEC Charges an Individual in Connection with 1 Global Capital Scam
Roy Gagaza sold $10.8 million worth of unregistered securities of 1 Global to several investors.
Tuesday, 18/05/2021 | 07:02 GMT
by
Bilal Jafar
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Retail FX
Queens Man Faces 5 Years in Prison for Forexnpower Scam
Kang is accused of lying about his trading credentials to con the Korean-American community into opening FX accounts.
Tuesday, 30/03/2021 | 21:36 GMT
by
Aziz Abdel-Qader
Regulation
CONSOB Blacklists 11 Websites for Operating without Authorisation
The Italian regulator has ordered the 11 websites to be blacked out.
Friday, 04/09/2020 | 09:55 GMT
by
Celeste Skinner
Regulation
Bank of Namibia: Online FX Trading Is Not Prohibited
The statement comes as victims of an FX scam protest their money being withheld.
Tuesday, 11/08/2020 | 05:29 GMT
by
Celeste Skinner
Brokers
Pepperstone Warns Clients of Data Breach as Fraudsters Impersonate Broker
Fraudsters are reaching out to Pepperstone clients, asking them to transfer their client funds.
Monday, 27/07/2020 | 07:28 GMT
by
Celeste Skinner
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Regulation
CONSOB Orders Five Websites Belonging to Scams to be Blocked
The regulator claims the websites are offering financial services illegally.
Friday, 17/07/2020 | 08:01 GMT
by
Celeste Skinner
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