Search Results for: Scam
Alert: Beware of Facebook investment scam
November 28th, 2016
Facebook users are promised an $800 payout if they can refer two other people into the “Blessing Loom” and deposit at least $100. Showing signs of a classic Ponzi scheme, authorities and observers warn Facebook users not to join ...
Alert: PayPal email scam is currently in circulation
November 16th, 2016
The Institute of Financial Accountants (ifa) has issued today a warning for a PayPal email scam. Please be aware that a PayPal email scam is currently in circulation. The email relates to AML checks and then directs you to ...
Broker sentenced in $3 million Ponzi scam
November 16th, 2016
A former Greenville broker accused of stealing from his clients in a long-running Ponzi scam was sentenced Tuesday to two years in a federal penitentiary. Claus C. Foerster, 56, of Spartanburg, defrauded clients of over $3 million while employed as ...
Bitcoin scammer busted by Dubai Police
November 11th, 2016
A scam artist conned three young men out of hundreds of thousands of dirhams worth of Bitcoins then spent the cash of living a life of luxury, Dubai Police have said. The Asian man, whose nationality was not stated ...
Companies from UK, Cyprus, Germany, Italy and 12 other countries involved in a gigantic millions euro tax scam
October 13th, 2016
Four Maltese companies have been implicated in what the Italian authorities are describing as a ‘gigantic carousel fraud’, the Vicenza Guardia di Finanza reported yesterday. The scam, which was perpetrated through 145 Italian companies and 35 companies outside of ...
NRGbinary is a case of how scammers can hide in gaps between regulators and defraud thousands of investors
October 6th, 2016
In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement ...
The most common scams and how to avoid them
September 12th, 2016
Call it an occupational hazard, but I’ve become so nervous of scammers and fraudsters that I now delete even legitimate emails from my providers. In the past months alone this has seen my PayPal account suspended and my web ...
Inexperienced Chinese investors are getting stung by fintech scams
September 8th, 2016
China is witnessing a fintech boom. Companies providing electronic payments, cryptocurrency trading and other online financial services there are not only mushrooming, they are among the biggest and most highly rated in the world. The Fintech 100, a ranking ...
Watch out for the Facebook Forex scam
September 1st, 2016
Facebook users have been warned to look out for scammers posing as foreign exchange traders promising lucrative returns. These ‘brokers’ are taking advantage of the rising popularity of currency exchange online trading schemes to lure victims in with fake success ...
Solicitor jailed for three years over £360,000 wine scam
June 24th, 2016
A London solicitor has been jailed for three years for laundering at least £100,000 of the proceeds of a fine wine investment scam. Michael Lloyd Wilson, former boss of Global Wine Investments, which shut down in 2012, was sentenced ...
