More than 20 million Brits targeted by financial scammers
‘It is worrying to see the sheer scale’ of the problem
Scams
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TikTok imposes global ban on investment promotions
Change means that ‘regulated financial firms could be swept up in it’
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‘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’
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Investment duo jailed for £36m ‘boiler room’ fraud
Victims lost their life savings in the ‘hideous scam operation’
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Brits lost £63m to social media scams in a year
Men aged 19-25 most at risk of falling victim, with cryptocurrencies most common lure
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Aussie regulator warns investors against fake news scams
Fraudulent ads promote crypto investments and contracts for difference trading
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FCA targets 24-hour shut down of scam sites
It comes after national newspaper’s campaign saw thousands hand over personal details online
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DB transfers face further hurdles in bid to stop scams
But warnings that DWP’s plan could push market ‘back into the dark ages’ and ‘cause serious consumer detriment’
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Pair guilty of defrauding £36m from vulnerable victims
Crown Prosecution Service described it as a ‘particularly heinous scam’
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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
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Investors warned about T Rowe Price International clone firm
Watchdog says it is carrying out ‘unauthorised financial services to unsuspecting financial consumers’
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Property directors banned after conning investors out of £7.7m
Funds were spent on international flights and designer clothing as well as £3.1m sent to Dubai company