South Africa regulator warns against unregulated wealth firm
It promised 50% or more returns within 30 days
Scams
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UK investment scams up by over a third in five years
But pension fraud reports decreased significantly
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Over two-thirds of Australians are worried about being scammed
Westpac has rolled out awareness and protection seminars across the country to improve prevention
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Five million Brits at risk of succumbing to a pension scam
Research shows a ‘worryingly large number of people’ could fall victim to common fraudster tactics
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Concerns over number of dedicated FCA pension scam staff
Select committee questions whether it has ‘sufficient resource’ to combat fraud
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Investment scam targets Taiwanese lonely hearts
Hong Kong and China to help investigate $30m in losses
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Investment scam alert button added to Facebook in the UK
Court action that forced the move has already seen 1,000+ misleading ads taken down
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Worrying influence of social media on retail investors
‘Solo investors seem to think good investment is about picking a wonder stock and getting rich overnight’
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NRI investors fall prey to more ponzi schemes
Investment advisers call for well-defined regulation and early warning systems
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Jail for brothers who conned 350 investors out of £6.2m
Boiler room-type companies used script called ‘The Bible’ to ensnare victims
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10% of UK adults fall victim to financial scams
Dodgy emails and phone calls are the top ways people are contacted but social media also poses a danger
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Rise in reports of pension transfer scam activity
Around £73m of members’ savings were at risk over the past 12 months