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Democratizing Investing: A Revolution in the Making?
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Stablecoins for Remittances: A Potential Game Changer?
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Open Banking and Financial Inclusion: Opportunities for
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ACY Securities Launches Comprehensive Reports for Shares to All
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Democratizing Investing: A Revolution in the Making?
Education Center
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Open Banking and Financial Inclusion: Opportunities for
Education Center
ACY Securities Launches Comprehensive Reports for Shares to All
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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
CryptoCurrency
Cryptocurrency Fraud in UK Rises by 32% to $270m
With high inflation and a deepening recession, customers are more vulnerable to scams.
The local police seized hundreds of millions of pounds in cryptocurrencies.
Monday, 28/11/2022 | 11:08 GMT
by
Damian Chmiel
CryptoCurrency
FCA Takes Action as UK Crypto Scams Soar
Cryptocurrencies are the most commonly reported potential scams to the FCA.
The commission opened more than 2,700 cases involving investment scams in one year.
Friday, 21/10/2022 | 17:01 GMT
by
Damian Chmiel
News
DOJ Sentences US-Based Man to 42 Months in Prison for Crypto Scam
Washington-based Asa Saint Clair was sentenced yesterday.
He tricked at least 60 investors through a fraudulent crypto scheme.
Friday, 16/09/2022 | 07:32 GMT
by
Bilal Jafar
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Retail FX
Australians Lost over AU$2 Billion to Scams in 2021
Losses to investment scams were highest at AU$701 million.
Scammers are targeting vulnerable communities and age groups.
Monday, 04/07/2022 | 06:33 GMT
by
Arnab Shome
Retail FX
Britons Lost over £1.3 Billion to Online Scams in 2021
There was a jump of 39 percent in authorized push payment (AAP) fraud.
Scammers took advantage of the pandemic to trap victims.
Wednesday, 29/06/2022 | 11:00 GMT
by
Arnab Shome
Retail FX
Three Israelis Arrested for Ties to Forex Fraud Following an International Investigation
The arrested men are expected to be extradited to Italy.
The men allegedly used shell companies to disguise transactions.
Sunday, 19/06/2022 | 13:44 GMT
by
Matti Williamson
Retail FX
Australians Lost AU$158 Million to Investment Scams in H1 2022
Cryptocurrency scams are most common in the country.
The regulator in the country also sued Meta for allowing crypto scam ads.
Monday, 06/06/2022 | 07:56 GMT
by
Arnab Shome
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Retail FX
FCA Raises Alarm on Screen-Sharing Scam as Victims Lost £25 Million
A 59-year-old woman lost £48,000 to these scammers.
Scammers are targeting people between 18 and 70 years of age.
Thursday, 05/05/2022 | 08:56 GMT
by
Arnab Shome
CryptoCurrency
Turkey Seeks Jail Sentences of over 40,000 Years for Thodex Founders
A total of $24 million was lost due to the collapse of the crypto exchange.
The defendants are accused of establishing a criminal organization.
Friday, 01/04/2022 | 21:13 GMT
by
Felipe Erazo
Retail FX
ASIC Warns against Scammers Impersonating Financial Firms
Scammers are reaching out to potential victims through emails, calls and messages.
They provide convincing documents to gain the trust of the potential victims.
Thursday, 24/03/2022 | 06:53 GMT
by
Arnab Shome
News
FCA Opens over 300 Cases against Unregistered Crypto Firms
Scams are rampant using cryptocurrencies, boiler rooms and recovery rooms.
It has started two campaigns to aware investors of scams.
Thursday, 03/03/2022 | 13:12 GMT
by
Arnab Shome
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CryptoCurrency
‘Peaceful World’ Token Is a Scam, Ukraine Cancels the Planned Airdrop
The scammers capitalized over the upcoming Ukraine airdrop to dupe investors.
Ukraine official confirms the country will use NFTs instead of tokens.
Thursday, 03/03/2022 | 13:09 GMT
by
Matti Williamson
CryptoCurrency
‘Ether Trade Asia’ Director, Nishid Wasnik Arrested over Crypto Scam
Security experts were able to track Nishid Wasnik that hid in Lonavala with his wife.
Wasnik is accused of defrauding investors for several years.
Sunday, 20/02/2022 | 13:46 GMT
by
Matti Williamson
News
SEC Obtains Judgment against Lead US BitConnect Promoter
Glenn Arcaro and his company have to pay disgorgement and civil penalties.
Friday, 10/12/2021 | 07:37 GMT
by
Arnab Shome
Retail FX
UK’s Financial Ombudsman Sees a Surge in Fraud Complaints during Q2
Complaints related to fraud and scams jumped by 30% YoY.
Thursday, 25/11/2021 | 13:33 GMT
by
Bilal Jafar
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Retail FX
Consob Blacks Out 6 Unlawful Financial Websites
The authority has tightened its grip on illegal financial websites in the region.
Friday, 12/11/2021 | 14:42 GMT
by
Bilal Jafar
News
Squid Game-Inspired Crypto Price Plunges to Zero, Concerns on Alleged Scam
The SQUID token price managed to skyrocket to over 75,000% prior to its collapse.
Tuesday, 02/11/2021 | 21:38 GMT
by
Felipe Erazo
Retail FX
Swipe, Invest, Scam: FSMA Warns against Investment Fraud on Dating Apps
Fraudsters are trapping victims on dating apps using fake profiles.
Wednesday, 27/10/2021 | 10:54 GMT
by
Arnab Shome
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
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News
26 Israelis Arrested in a Massive Crypto Fraud Bust
The scheme was mostly targeting US residents.
Wednesday, 06/10/2021 | 07:41 GMT
by
Arnab Shome
News
Deep-Fake Andre Cronje Imposter Defrauded Crypto Startup
Is it the beginning of a new kind of crypto fraud?
Wednesday, 04/08/2021 | 12:04 GMT
by
Arnab Shome
News
Swedish Man Gets 15 Years in Jail for $16 Million Fraud
He offered a ‘risk-free’ investment with promises of a 450-fold return.
Friday, 09/07/2021 | 06:30 GMT
by
Arnab Shome
News
Lawsuit Alleges $250 Million Israeli ICOs to Be Scams
The plaintiffs are now seeking $16.1 million in damages for their investment in these ICOs.
Monday, 31/05/2021 | 12:56 GMT
by
Arnab Shome
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News
Crypto Scams Are Going Rampant in Nigeria
Scammers are targeting people on Instagram, promising high returns on crypto investments.
Thursday, 04/03/2021 | 08:28 GMT
by
Arnab Shome
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