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Fraud
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
FXGT.com: Pioneering a New Era in Trading with Crypto
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
FXGT.com: Pioneering a New Era in Trading with Crypto
Thought Leadership
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fraud
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Retail FX
Fraud Prevention Is a Priority: Public and Private Sectors Must Come Together
Access to critical data sets can help identify fraudulent behavior and bad actors.
AI can be used to detect patterns and provide real-time data around transactions.
Monday, 04/12/2023 | 13:29 GMT
by
Duncan Sandys
Retail FX
Federal Court Drops $20 Million Fine on Ponzi Scheme Trader
The CFTC and the court fined Phillip Galles for conducting a fraudulent scheme.
Unfortunately, victims may not recover lost funds despite the ruling.
Thursday, 16/11/2023 | 12:27 GMT
by
Damian Chmiel
Retail FX
Serbian Man Faces 20 Years of Time for 20 Sham Trading Platforms
Over $70 million was stolen in fraudulent trading schemes.
The fraudster offered investments in cryptocurrencies and binary options.
Sunday, 05/11/2023 | 13:50 GMT
by
Damian Chmiel
FinTech
Are KYC and AML Protocols Enough to Curb Fraud?
A look into the financial services industry's fight against fraud.
Thursday, 02/11/2023 | 10:40 GMT
by
Pedro Ferreira
Trending
Revolut and the Fight Against Financial Fraudsters
More staff funneled into ongoing battle.
The company’s FinCrime team doubles its headcount since 2021.
77,000 would-be crime fighters apply for roles.
Monday, 30/10/2023 | 12:36 GMT
by
Louis Parks
Trending
Shell & The ai Corporation: Defending the Payment Pipeline from Fraud
The ai Corporation is bringing the power of the machine to combat card fraud.
The company's systems aid international firms across multiple sectors and geographies.
Monday, 09/10/2023 | 11:42 GMT
by
Louis Parks
FinTech
Fintech and AI in Fraud Detection
A perfect match?
Thursday, 07/09/2023 | 11:30 GMT
by
Pedro Ferreira
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Technology
Exclusive: Airsoft Named in Israeli Forex Fraud Investigation
The "complex" investigation "has just begun," an Israeli judge said.
The fraudsters operated fraudulent call centers in Bulgaria, Serbia, Ukraine, Georgia, Israel, and Kosovo.
Tuesday, 05/09/2023 | 20:21 GMT
by
Yam Yehoshua
Retail FX
Breaking: Israeli Police Bust Massive Online FX Investment Fraud, Arrest Six
The fraudsters defrauded investors across Europe.
The mastermind of the fraud is still at large.
Tuesday, 05/09/2023 | 13:05 GMT
by
Arnab Shome
Retail FX
$310 Million Prop Trading Fraud: Regulators Freeze Assets of My Forex Funds
Action has been taken against two companies operating My Forex Funds and their owner.
The platform has more than 135,000 customers, who paid about $310 million in fees.
Monday, 04/09/2023 | 07:00 GMT
by
Arnab Shome
CryptoCurrency
The Fall of Moshe Hogeg: Israeli Mogul Accused of $290 Million Crypto Fraud
Hogeg collected hundreds of millions through four cryptocurrency projects.
However, the funds were used to finance illegal operations and his lavish lifestyle
Wednesday, 23/08/2023 | 10:47 GMT
by
Damian Chmiel
Payments
Overcoming Security and Privacy Concerns in Open Banking
Can blockchain tech help open banking?
Wednesday, 19/07/2023 | 12:12 GMT
by
FM Contributors
FinTech
UK Financial Ombudsman Reports Increase in 'Hybrid' Scams
The FOS said the majority of complaints include an element of cryptocurrency.
The increasing number of complaints reported more than one scam.
Wednesday, 28/06/2023 | 14:02 GMT
by
Jared Kirui
Data
Can AI Help Improve Fraud Detection?
And can it be used to commit fraud?
Wednesday, 28/06/2023 | 13:24 GMT
by
FM Contributors
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Retail FX
Boiler Room Defrauds Investors of $35 Million, SEC Intervenes
The SEC has obtained a provisional injunction against Legend Venture Partners LLC.
According to allegations, the company conducted a pre-IPO stock fraud scheme.
Wednesday, 28/06/2023 | 08:20 GMT
by
Damian Chmiel
Retail FX
France’s AMF Cautions against Automated FX, Crypto Trading Scheme
Popular personalities and websites promoted it as a 'get rich quick' scheme.
The regulator received complaints from dozens of victims.
Friday, 23/06/2023 | 10:33 GMT
by
Arnab Shome
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud Prevention?
Blockchain tech has the potential, but can it live up to the hype?
Friday, 16/06/2023 | 16:50 GMT
by
FM Contributors
Retail FX
After CySEC, Belgium’s FSMA Is Now Tackling Impersonators
Fraudsters are approaching people impersonating themselves as regulatory employees.
They are utilising the ploy of seeking fees for recovering lost funds.
Tuesday, 30/05/2023 | 08:39 GMT
by
Arnab Shome
Retail FX
California Resident to Pay $4.7 Million for Options Fraud
She defrauded at least 29 individuals or entities of more than $2 million.
She already pled guilty to criminal charges.
Friday, 26/05/2023 | 09:45 GMT
by
Arnab Shome
CryptoCurrency
SEC Blocks Dozens of Websites Offering Fraudulent Investment Schemes
These websites were offering investment through crypto and other illegal securities.
Some of them were offering returns as high as 61.9 percent a day.
Friday, 12/05/2023 | 04:13 GMT
by
Arnab Shome
Retail FX
International Scamming Network: Israel Awaits German Extradition Request
Europol with cooperation of Israeli police made some 'high-value' arrests last month.
The schemes defrauded at least 33,000 victims, many of them from Germany
Thursday, 04/05/2023 | 16:04 GMT
by
Arnab Shome
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Op-ed
FinTech
Op-ed
Mobile Banking Increased Dramatically, but Anti-fraud Protection is Lagging Behind
Over 90% of the UK alone used online banking in 2022, according to Statista.
Adoption of anti-fraud protection to combat ad fraud by banking apps has stayed relatively static.
Thursday, 04/05/2023 | 10:29 GMT
by
Kalen Bushe
FinTech
"We Will Outlaw So-Called ‘SIM Farms’": UK PM Declares War on Financial Fraud
Sunak launched a plan to tackle scams: "Fraud accounts for over 40% of crime."
The UK will ban all cold calls for financial products.
Wednesday, 03/05/2023 | 07:51 GMT
by
Arnab Shome
Retail FX
South African CEO to Pay $3.4 Billion for Forex Fraud
The CEO defrauded investors worldwide of 30K BTC between 2018 and 2021.
US derivatives watchdog charged Cornelius Steynberg in July last year.
Thursday, 27/04/2023 | 21:59 GMT
by
Solomon Oladipupo
CryptoCurrency
US Man Pleads Guilty to Defrauding Banks and "Leading Crypto Exchange" of over $4M
Esteban Da Corte committed the crime around March 2020, prosecutors say.
The Miami man and his crew used fake ID information for the scheme.
Wednesday, 26/04/2023 | 20:34 GMT
by
Solomon Oladipupo
See more
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