investment scam
Chat Group Scams Targeting New Zealanders Are Increasing: Regulator Receives Complaints
- Scammers are using every social media platform to reach out to potential targets.
- Earlier, the FMA said that scammers are impersonating as FCA and CySEC representatives.
Tuesday, 17/06/2025 | 07:13 GMT by
Arnab Shome
Latest WhatsApp Investment Scam Unveils Bots, Bogus Leaderboards, and Broken Promises
- “Txex” websites offer unrealistic returns on crypto investments, the New Zealand financial regulator has warned.
- Victims are lured through fake WhatsApp trading groups and leaderboards before being unable to withdraw funds.
Thursday, 17/04/2025 | 06:23 GMT by
Damian Chmiel
20,000+ Hours of Phone Calls, Screen Recordings Uncover Two Massive Boiler Room Operations
- One fraud operation ran from Georgia, while the other had multiple European hubs and was controlled from Israel.
- They siphoned about $35.3 million and over $247 million, respectively, from tens of thousands of victims.
Friday, 07/03/2025 | 13:16 GMT by
Arnab Shome
32% of Scams Target Investors on Social Media: AI-Generated Fraud to Rise in 2025
- Platforms like Facebook, X, and Telegram are top channels for scams targeting investors, according to NASAA.
- Emotional manipulation, such as romance scams, is a significant tactic used by fraudsters.
Thursday, 06/03/2025 | 17:44 GMT by
Tareq Sikder
Telegram, WhatsApp Lead On the Number of Traders Who Lose Money to Scams: Survey
- A joint survey by Finance Magnates and FXStreet found 60.09 percent of traders that fell victim to scams on Telegram lost funds.
- The presence of active traders on Telegram makes it vulnerable to scams.
Thursday, 14/03/2024 | 11:31 GMT by
Arnab Shome
Confidence to Avoid Scams Runs Low among Rookie Traders: Survey
- A joint survey by Finance Magnates and FXStreet found that 21.8 percent of traders with less than a year of experience are “not confident” to avoid online scams.
- Traders with between 7 and 10 years of experience are most confident in avoiding scams.
Wednesday, 06/03/2024 | 13:40 GMT by
Arnab Shome
CySEC and FCA Are "Aware" of Rife Investor Fraud on Social Media. Stopping It Is Harder.
- The British watchdog takes action where it finds "credible evidence" of a breach of its rules.
- CySec have not taken "direct action against Telegram", but have "other ways to protect investors".
Wednesday, 09/08/2023 | 12:03 GMT by
Arnab Shome
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