Offshore Forex Fraud Costs Canadian Man $550K
An anonymous man from rural Manitoba, Canada, has reported a loss of over $550,000 through an offshore forex trading scheme. This scheme involved two different brands, according to the Manitoba ...
Tag: Fraud
Belgium Lost $3.2M to Crypto Scam in 2019, Is There A Bigger Problem?
Belgium’s economic inspectorate said that investors lost about $3.2 million due to crypto fraud in 2019. Globally, losses arising from crypto fraud and theft increased massively last year almost doubling ...
Money Lost To Fraudsters Fell 30% in March Despite COVID-19 Scams
According to the data published on April 10 by Chainalysis blockchain forensics firm, the average value of transactions that were received by the wallets of known scammers dropped by 30% ...
Federal Judge Indicts Pennsylvania Lawyer in A $2.7 Million Ponzi Scheme
A federal judge recently indicted Pennsylvania lawyer Todd Lahr for his role in a fraudulent investment scheme that solicited $2.7 million from investors. How did Lahr target investors? The 60-year-old ...
Beijing Pilots Blockchain Platform to Combat Fictitious Invoices
China has accelerated its developments and applications in the budding blockchain space. After a successful rollout in Shenzhen in 2019, China’s blockchain invoicing system is now being introduced to the ...
TFS-ICAP and Two Other Defendants Will Respond to CFTC Complaint
Ian Dibb, Jeremy Woolfenden, and TFS-ICAP, the three defendants named in a CFTC complaint, have time till February 20 to respond to a CFTC complaint. The US Commodity Futures Trading ...
SEC Charges Ivory Option and LBinary with a $5 Million Fraud
The Securities and Exchange Commission today finalized charges on two binary options companies- Ivory Option and LBinary. The two have been charged with a $5 million fraud. Israeli defendants charged ...
Fake ‘Elon Musk’ Bitcoin Investment Platform Assures 4,000% ROI
Ever since the crypto boom of 2017, scammers have entered into the crypto space looking to swindle unsuspecting investors. During the crypto winter of 2018, these cases seemed to have ...
Potential Cryptocurrency Scam Unveiled in Manila, Philippines
After they received a tip from the govt. in China, authorities in Manila identified and unveiled a potential crypto investment scam. The online investment scam was being run in the ...
Belgium’s Financial Regulator Adds XTB Markets to Warning List, Which Now Reaches 121 Sites
Financial regulators are continually making sure that exchanges and related platforms can provide a safe ecosystem for fair trading activity. That is why the Financial Services and Markets Authority (FSMA) ...