Scam
ASIC Warns Fake Moneysmart Pages Harvest Investor Details
- Australian regulators have identified fraudulent copies of the government's financial education website.
- Scammers pressure victims with urgency tactics and promises of high returns from small deposits.
Thursday, 16/10/2025 | 07:59 GMT by
Damian Chmiel
Scammers Are Posing as Bank CEOs in WhatsApp Groups to Steal Your Money
- Fraudsters are impersonating lenders, investment firms, and financial influencers on social media to lure victims into fake trading schemes.
- The scams involve identity theft, pump-and-dump stock manipulation, and fraudulent cryptocurrency platforms.
- All of them are promoted through seemingly legitimate WhatsApp groups.
Thursday, 02/10/2025 | 08:20 GMT by
Damian Chmiel
Investors and Firms Warned as Fake Emails Claim CySEC Officers Demand Payments
- Fake emails use false employee names; the regulator never charges for certificates or fund releases.
- The regulator recently launched a quiz to help investors recognize scams and warning signs.
Friday, 19/09/2025 | 10:18 GMT by
Tareq Sikder
Australian Watchdog Shuts Down 330 Fake Celebrity Investment Scam Sites This Year
- ASIC ramps up enforcement as AI-powered fraud schemes exploit billionaire images to target consumers.
- The regulator has boosted enforcement activity by 50% and expanded takedown capabilities to include social media ads where many scams originate.
Wednesday, 27/08/2025 | 06:54 GMT by
Damian Chmiel
How Fake Facebook Celebrities Are Stealing Real Money on WhatsApp
- Fraudsters impersonate prominent New Zealand financial figures using AI-generated videos to lure victims into fake investment schemes.
- Although the videos featuring local media stars are fake, the money involved is real, as are the resulting losses.
Tuesday, 19/08/2025 | 07:14 GMT by
Damian Chmiel
WhatsApp Deletes 6.8M Accounts; Pig Butchering Scams Spread via ChatGPT, Telegram
- Scammers use AI-written messages on WhatsApp, then move victims to Telegram for fraud.
- A study found 236 major crypto scam cases, with a majority portion involving romance scams and pig butchering tactics.
Wednesday, 06/08/2025 | 15:16 GMT by
Tareq Sikder
$60 Billion in Crypto Fraud: How Pig Butchering and Rug Pulls Steal Millions
- The largest loss was $40 billion from Luna Yield, says UPay after reviewing 236 scams.
- Rug pulls steal millions as developers vanish after raising funds, 29 cases reported involving tokens or NFTs.
Tuesday, 05/08/2025 | 12:23 GMT by
Tareq Sikder
ASIC Issues Super Scam Alert as $4 Trillion Investment System Targeted
- The scammers employ high-pressure tactics to persuade people to convert their retirement savings into high-risk investments.
- They are also creating fake ASIC websites to steal personal and banking information.
Thursday, 03/07/2025 | 06:11 GMT by
Damian Chmiel
Next-Gen AI Scam Clones Broker Exante, Opens JPMorgan Account to Dupe U.S. Victim
- “Regular” clones are so 2023: With AI-generated passports, deepfakes and websites, fraudsters are running sophisticated, large-scale, ultra-realistic scams.
- Natalia Taft, Exante’s Head of Compliance: "Having recently worked with US authorities to shut a next-gen AI scam down, Exante is proactively seeking to raise awareness.”
Thursday, 10/04/2025 | 13:02 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
10 Cases vs. 250,000 Scams: The Math That Doesn't Add Up in UK's Fraud War
- Despite handling thousands of scam cases, the new platform introduced in October 2024, handled just a few of them.
- Most financial institutions continue using legacy systems instead of adopting the Payment Systems Regulator's new platform.
Wednesday, 26/02/2025 | 11:16 GMT by
Damian Chmiel
These Traders Fooled 12,500 People, Now Must Pay $128 Million
- A Florida court charged three individuals for running a fraudulent commodity trading scheme through EmpiresX.
- The scheme defrauded investors of $41.6 million before collapsing in late 2021.
Wednesday, 05/02/2025 | 07:41 GMT by
Damian Chmiel
FMA Flags YouTube-Based Crypto Scam as Digital Fraud Surges
- The FMA has uncovered a widespread cryptocurrency scam operating through YouTube channels and messaging apps.
- Fraudsters use fake trading platforms to steal funds after gaining victims' trust through social media engagement.
Monday, 16/12/2024 | 07:54 GMT by
Damian Chmiel
Voice-Altering Software at Center of $3M Investment Scam Promising 25% in Monthly Returns
- SEC charges three Nigerian individuals in a $2.9 million fraud scheme where they impersonated legitimate U.S. financial professionals.
- The defendants created fake websites and used voice-changing software to deceive at least 28 investors.
Thursday, 12/12/2024 | 08:42 GMT by
Damian Chmiel
This Prop Firm’s $85M Vanished Overnight amid Allegations of a Potential Scam and Cloning
- FundedFirm faces serious claims, including reportedly falsifying traders' payouts, reaching $95M
- The company's website appears to be largely copied from FundedNext, another popular prop firm.
Wednesday, 27/11/2024 | 10:10 GMT by
Damian Chmiel
MFSA Raises Flag on Impersonation: “Don’t Get Caught in Fake Email Scams”
- Potential fraud can often be identified by unusual communication and urgent requests for personal information.
- If unsure, verify the entity’s license and stop communication until confirmed, the regulator suggests.
Friday, 27/09/2024 | 10:09 GMT by
Tareq Sikder
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