South African fraudster jailed for seven years
After he scammed clients out of more than ZAR12m over a six-year period
Scams
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FSCS and UK Serious Fraud Office join forces to fight scams
Government body will be given data on fraudulent investment schemes and the advisers promoting them
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Over £650m lost to investment scams in a year
Weak economy and low interest rates gave criminals opportunity to defraud victims
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FCA scam warnings increase over 300% in five years
As clone firm cases make up half of watchdog fraud alerts
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International Ponzi fraudster jailed over £20m investment scam
The ‘extremely manipulative and dishonest man’ conned victims to ‘fund his own extravagant lifestyle’
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Majority of retirees transferred pensions despite scam warnings
Removing statutory right in some cases a ‘key defence’ against fraudsters
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How to spot a Ponzi scheme
Thousands of investors were defrauded out of $463m in two recent scams
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Record number of DB transfers trigger scam concerns
Despite activity falling to a fresh low in September 2020
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Social media Bitcoin adviser scams investors
South African regulator steps in to protect consumers
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Giving pension trustees more powers will not stop scams
As retirees are still at risk after transferring out of their DB schemes
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Property investment firms wound up after stealing £2.85m
70 investors were promised returns ranging between 7% and 16.9%
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85 UK firms investigated over pension scams
Six have already agreed to review their permissions as a result