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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
Speed Meets Precision: IC Markets' New TVC Showcases
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
Speed Meets Precision: IC Markets' New TVC Showcases
Thought Leadership
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fraud
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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
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
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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
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
Op-ed
FinTech
Op-ed
BBC Scam Alert: Regulators Should Start Outsourcing
The Milton network has allegedly robbed elderly people via boiler rooms, cryptos and FIAT.
Using AI can prevent the recurrence of such incidents, but regulators are hesitant to involve private companies' technology.
Wednesday, 26/04/2023 | 08:31 GMT
by
Ella Rosenberg
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Retail FX
Italy's CONSOB Blocks Aquilafx, EuroCryptoFX, 3 Other Websites
CONSOB has now blocked 871 illegal websites over three years.
CySEC blacklisted six unauthorized online trading websites last month.
Thursday, 06/04/2023 | 15:10 GMT
by
Solomon Oladipupo
FinTech
BNP Paribas Taps Worldline to Fight IBAN Fraud in SEPA Direct Debits
IBAN fraud in SDD accounts for over 60% of fraud in direct debits in recent years.
BNP Paribas has integrated EasyCollect into Worldline's account validation technology.
Thursday, 06/04/2023 | 13:26 GMT
by
Solomon Oladipupo
CryptoCurrency
Ormenus Coin Scammers to Pay $102 Million as Recovery and Fine
The siblings ran a massive operation defrauding thousands of retail investors.
The SEC brought charges against the fraudsters last year.
Friday, 31/03/2023 | 09:06 GMT
by
Arnab Shome
Payments
Digital Payment Fraud: Strategies and Solutions for E-Commerce Merchants
Could E-Commerce Merchants be in a prime position to tackle fraud?
Thursday, 09/03/2023 | 11:31 GMT
by
FM Contributors
CryptoCurrency
SEC Busts BKCoin for Running $100M 'Ponzi-Like Scheme'
The scheme made Ponzi-like payments with more than $3.8 million.
One co-founder used at least $371,000 for personal expenses.
Tuesday, 07/03/2023 | 06:56 GMT
by
Arnab Shome
CryptoCurrency
Crypto Miner Gets 3 Years in US Prison for Fraud
He has received a supervised release sentencing.
He lied under oath to conceal his misdeeds.
Friday, 03/03/2023 | 09:53 GMT
by
Arnab Shome
Retail FX
Italy's Consob Blacklists Six New Unregulated Trading Platforms
None of these platforms are permitted to operate in the EU.
The Italian regulator now blocks a total of 845 unregulated websites.
Friday, 03/03/2023 | 07:57 GMT
by
Arnab Shome
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Retail FX
Masterminds of $30M FX Fraud Get 5 Years in Prison
They fabricated losses to steal investors' funds.
They pled guilty to one count of conspiracy to commit securities fraud.
Friday, 03/03/2023 | 06:29 GMT
by
Arnab Shome
Retail FX
25% of Investors Who Avoid Scams Inspired by Sherlock Holmes
"Armchair detective investors" successfully identify potential financial threats, FCA states.
The number of scam reports grew by 193% during the last five years.
Tuesday, 21/02/2023 | 12:33 GMT
by
Damian Chmiel
Exchanges
Is B2B Forex Fraud on the Rise in 2023?
And, what can companies do to protect themselves?
Monday, 20/02/2023 | 23:45 GMT
by
Finance Magnates Staff
CryptoCurrency
EminiFX Leader Pleads Guilty to $248 Million FX and Crypto Fraud
The platform promised a weekly return of at least 5 percent.
It degraded tens of thousands of individual investors.
Monday, 13/02/2023 | 12:03 GMT
by
Arnab Shome
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