Search Results for: Scam
How criminals profit from the COVID-19 pandemic
March 31st, 2020
Europol, the European Union’s law enforcement agency, has published a report about the latest developments of COVID-19 on the criminal landscape in the EU. In accordance with the Europol’s latest report: During this unprecedented crisis, governments across Europe are ...
Alert! Criminals taking advantage of coronavirus anxiety to defraud victims online
March 18th, 2020
INTERPOL is encouraging the public to exercise caution when buying medical supplies online during the current health crisis, with criminals capitalizing on the situation to run a range of financial scams. With surgical masks and other medical supplies in ...
South Africa is getting proactive about its crypto regulations
March 18th, 2020
South Africa has become one of the centers for the cryptocurrency industry across Africa. The crypto adoption rates have been growing but the development has not come without a price. While South Africa has always been one of the ...
The SIM hijackers: How criminals are stealing millions by hijacking phone numbers
March 16th, 2020
It is a common story: the signal bars disappears from their mobile phones, they call the phone number – it rings, but it’s not their phone ringing. They try to login to their bank account, but the password fails. ...
How cTrader puts Traders First?
January 15th, 2020
Written by: by Panagiotis Charalampous, Head of Community Management of cTrader at Spotware Traders First™ has been our motto since the inception of cTrader. While many might think that this is just a marketing trick and a nice to ...
Teenage trader lost £500,000 as he
led luxury lifestyle with supercars
October 3rd, 2019
A teenager who drove luxury cars while claiming to be a millionaire trader lost £500,000 of investors’ cash and has been reported to authorities. Morgan Reeve, from Hunstanton, set up Morgan FX Limited in July last year and bragged ...
Swiss regulator fines banks for fixing forex trading
June 14th, 2019
Five banks have been fined a total of 90 million Swiss francs ($90.5 million) for colluding to rig the multi-trillion dollar foreign exchange market, Switzerland’s competition authority said on Thursday. The Swiss fines come on top of 1.07 billion ...
FCA UK wins case against unauthorised forex firm
May 27th, 2019
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform that following an application by the FCA, the High Court, on 14 May 2019, declared ...
Cryptocurrency crime cartel managed to raise over $200 million from investors
May 23rd, 2019
A Brazilian cryptocurrency crime cartel has been shut down after conning over 55,000 investors for over $200 million. The cartel ran an unlicensed financial institution without authorization from Brazil‘s Central Bank. The scammers claimed to offer cryptocurrency investments and ...
Bitcoin headed for another weekly slump on Friday
December 14th, 2018
Bitcoin headed for another weekly slump on Friday, with the largest cryptocurrency heading closer to $3,000 — a level unseen since September last year. The largest digital currency edged 0.5 percent higher to $3,272 at 9:35 a.m. in Hong ...
