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Scam
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Ramp Network to Enable USDt on TON Purchases and Withdrawals
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Ramp Network to Enable USDt on TON Purchases and Withdrawals
Thought Leadership
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Retail FX
FMA Warns against Crypto Exchange Clone and Unlicensed Firm in Latest Alert
New Zealand's regulator added fake BTCSWE and Grandeur Capital Pro to warning list.
Despite NZ's lower overall number of scams, impersonators are a growing problem.
Wednesday, 27/03/2024 | 08:01 GMT
by
Damian Chmiel
Retail FX
Advisers Pay $400K Settelment for Overhyping AI Investment Strategies
Firms were fined for misleading statements about artificial intelligence capabilities.
Delphia must pay $225K and Global Predictions $175K in civil penalties.
Monday, 18/03/2024 | 12:33 GMT
by
Damian Chmiel
Retail FX
Clueless Investors Finance Director's $440K Splurge in Sham Hedge Fund Scheme
The fake fund became Russell Sandiford's private wallet to cover daily expenses.
He now faces up to 15 years behind bars and a substantial financial penalty.
Tuesday, 13/02/2024 | 13:03 GMT
by
Damian Chmiel
Retail FX
Australian Regulator Clamp Down on Super Fund Scam and Unlicensed Crypto Services
The watchdog charges individuals in SMSF scams and unlicensed crypto service cases.
The schemes promised high returns for retail investors.
Tuesday, 06/02/2024 | 08:49 GMT
by
Damian Chmiel
Retail FX
Social Media Scams: Help Shape the Fight with Your 2024 Survey Participation
Scammers have been cloning brokers and regulators alike on social media for years.
Participate in the cross-platform poll here to help the industry fight back.
Friday, 26/01/2024 | 06:00 GMT
by
Yam Yehoshua
Institutional FX
FSMA: Scammers Pose as Major Banks to Defraud Unsuspecting Consumers
Victims are lured with promises of high returns but end up losing their money.
The FSMA has issued warnings about fraudsters who use fake bank identities.
Monday, 09/10/2023 | 19:23 GMT
by
Jared Kirui
CryptoCurrency
Study Finds Blackmail Leads in $20 Billion Bitcoin Scams
Blackmail has led the list of the most prevalent types of Bitcoin scams since 2018.
The number of reported scammers has almost halved, but ransomware scams are on the rise in 2023.
Wednesday, 04/10/2023 | 08:44 GMT
by
Damian Chmiel
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CryptoCurrency
MetaMask Users Beware: Government Websites Turn into Crypto Traps
MetaMask users are being targeted by scams that exploit government websites.
Fraudsters redirect them to fake MetaMask pages, putting their crypto assets at risk.
Tuesday, 05/09/2023 | 10:59 GMT
by
Damian Chmiel
Retail FX
ASIC Eyes AI: New Plan to Shield Australians from Financial Scams
The regulator is ramping up enforcement actions to shield Australian consumers.
It aligns with the organization's latest Corporate Plan.
Monday, 28/08/2023 | 07:09 GMT
by
Damian Chmiel
Retail FX
Boiler Room Defrauds Investors of $35 Million, SEC Intervenes
The SEC has obtained a provisional injunction against Legend Venture Partners LLC.
According to allegations, the company conducted a pre-IPO stock fraud scheme.
Wednesday, 28/06/2023 | 08:20 GMT
by
Damian Chmiel
Retail FX
CySEC Warns against Impersonators of Officials, Representatives
It was the third warning from CySEC against impersonators.
These scammers contact clients of regulated entities and sanctioned firms.
Friday, 19/05/2023 | 06:55 GMT
by
Arnab Shome
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
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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
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
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
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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
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
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