UK government to scrap national fraud reporting centre
Following reports that victims were being misled by its telephone handlers
Fraud
-
-
82-year-old fake green investment director sent back to prison
He and four others stole over £20m of investor funds to pay for luxury properties around the world
-
Unauthorised adviser sent to prison for four years
He pleaded guilty to fraud and carrying out regulated activities
-
Fourfold increase in UK investment fraud reports in five years
But fall in number of convictions shows ‘legal deterrent is practically non-existent’
-
UK regulator bans disqualified advice firm director
He also failed to inform the FCA of his bankruptcy
-
Illegal investment scheme victims urged to come forward
They have two weeks to contact the FCA after it secured compensation orders against the fraudsters
-
Google UK toughens restrictions for financial adverts
People and companies will be required to prove they are authorised by the FCA
-
‘Cruel and callous’ fraudster to pay £390,000 compensation
After he conned £1.7m from victims using ‘relentless cold calling and high-pressure sales tactics’
-
Betting investment scheme duo jailed
They defrauded 145 investors, including friends and family, out of around £5m
-
US charges duo over Cayman Islands fund fraud
They ‘routed nearly all investor funds to shell companies under the defendants’ control’
-
Boiler room fraudsters ordered to refund $3.2m to victims
Investors were cold-called and pressured into opening trading accounts to invest in securities
-
UK online safety bill is ‘first step’ to tackle investment scams
‘Social media sites will have a duty to prevent sham’ schemes from appearing on their sites