Search Results for: Scam
Investors Beware To Online Paid-To-Click Scams
November 8th, 2017
The U.S. Securities and Exchange Commission has issued a warning to inform investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a ...
Cold calling scams defrauded more than one hundred victims
July 13th, 2017
SEC Announces Charges in Massive Telemarketing Boiler Room Scheme Targeting Seniors The Securities and Exchange Commission today brought fraud charges against 13 individuals allegedly involved in two Long Island-based cold calling scams that bilked more than one hundred victims ...
The US$200 million investment scam; hunt is on
April 13th, 2017
Investigators looking into a financial scam that took Dubai residents for tens of thousands of dollars have shifted their focus to recovering about US$200 million (Dh734.5m). The sum is believed to have been siphoned from a Dubai branch of ...
More than 23,000 investors lost money in a Forex scam
March 30th, 2017
Police in Malaysia finally took down the VenusFX forex scheme syndicate that swindled RM80mil from more than 23,000 victims. Federal Commercial Crime Investigation Department director Comm Datuk Acryl Sani Abdullah Sani said investigations showed that VenusFX had cheated a ...
Alert: High Bitcoin prices inspire a wave of scams
March 24th, 2017
Earlier this month, the price of a single Bitcoin eclipsed the price of an ounce of gold for the first time ever. This news, coupled with the exploding adoption of its underlying technology – blockchain – beyond the financial world, ...
EU to battle corporate tax scams
February 22nd, 2017
European Union finance ministers have agreed on new measures to close some tax loopholes that have enabled multinational companies operating in both EU and non-EU countries to avoid paying taxes… but not right away. EU finance ministers meeting in ...
The seven simple rules on how to avoid Forex scams
January 30th, 2017
Forex scams are common despite the fact that regulatory authorities around the world are actively trying to set regulations and rules to protect investors and public from fraudsters. Forex market is still unregulated to a large extent and fraudsters ...
FCA warns pension scheme operators are at risk from smarter scams
January 24th, 2017
The Financial Conduct authority (FCA), the financial regulator of UK, has issued a warning to alert authorised firms for the risks arising from failing to carry out appropriate due diligence on investment offerings. While aimed primarily at pension scheme ...
ASIC warns customers about scam emails
January 11th, 2017
The Australian Securities and Investments Commission (ASIC) has issued an announcement to warn its Registry customers to be vigilant of scam emails purporting to be from ASIC. According the warning, ASIC is aware some customers have received emails containing attachments or ...
Man arrested for an allegedly $300 million Forex Ponzi scheme scam
January 4th, 2017
The arrest of a man who allegedly peddled a $300 million (Dh1.1 billion) Ponzi scheme as a foreign currency trading programme has come as a ray of hope for residents, many of whom have lost their entire life’s savings ...
