#investment-fraud

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#scam

New investigations into JuicyFields scam DW 12/03/2024

JuicyFields, a medical cannabis investment company, defrauded almost 200,000 investors, leading to an estimated loss of $678 million.

Crypto, lies and torture: Inside the scam compounds of Southeast Asia

Daniel's story illustrates a classic example of online dating alongside a cryptocurrency scam.
Adele, who Daniel thought was a potential romantic interest, turned out to be a scammer.

New investigations into JuicyFields scam DW 12/03/2024

JuicyFields, a medical cannabis investment company, defrauded almost 200,000 investors, leading to an estimated loss of $678 million.

Crypto, lies and torture: Inside the scam compounds of Southeast Asia

Daniel's story illustrates a classic example of online dating alongside a cryptocurrency scam.
Adele, who Daniel thought was a potential romantic interest, turned out to be a scammer.
morescam

Man used Jackie Robinson contracts to steal millions from investors. Then he fled to Russia seeking asylum

Jackie Robinson's contracts are now held by U.S. Marshals, valuing them potentially in millions, stemming from a fraud investigation.
#consumer-protection

Woman describes being kidnapped, forced to work as cryptocurrency scammer abroad

Victims of cryptocurrency scams are sharing their experiences to raise awareness about the dangers of 'pig butchering' scams.

FCA is incompetent at best, dishonest at worst', claim MPs and peers

The UK's Financial Conduct Authority is criticized as incompetent and opaque, requiring urgent reforms to better protect consumers and tackle financial crime.

Woman describes being kidnapped, forced to work as cryptocurrency scammer abroad

Victims of cryptocurrency scams are sharing their experiences to raise awareness about the dangers of 'pig butchering' scams.

FCA is incompetent at best, dishonest at worst', claim MPs and peers

The UK's Financial Conduct Authority is criticized as incompetent and opaque, requiring urgent reforms to better protect consumers and tackle financial crime.
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#fraud

An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million

Joanna Smith-Griffin faces fraud charges for inflating revenues at AllHere Education to secure $10 million in investment.

Lawyers in Financial Disputes: Advocates Against Fraud

Lawyers specializing in financial disputes are essential for victims, providing expertise in recovering losses and navigating complex legal arenas.

An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million

Joanna Smith-Griffin faces fraud charges for inflating revenues at AllHere Education to secure $10 million in investment.

Lawyers in Financial Disputes: Advocates Against Fraud

Lawyers specializing in financial disputes are essential for victims, providing expertise in recovering losses and navigating complex legal arenas.
morefraud

WiFi Money sued by Nebraska Attorney General over allegations of 'deceptive' passive income promises

WiFi Money is facing a lawsuit for allegedly defrauding Nebraska residents out of $3 million through misleading investment opportunities.
#cryptocurrency-scam

BK DA Seizes 70 Domains Targeting Russian Community in Cryptocurrency Scam

Cryptocurrency scam operation targeted Russian community members through Facebook ads with a deepfake video of Elon Musk to lure victims into making bogus investments.

South Korean Police Arrest 215 in Suspected $232M Crypto Investment Scam Investigation: Yonhap

A YouTuber led a fake investment scam that defrauded over 15,000 investors in South Korea, amassing $232 million from worthless tokens.

BK DA Seizes 70 Domains Targeting Russian Community in Cryptocurrency Scam

Cryptocurrency scam operation targeted Russian community members through Facebook ads with a deepfake video of Elon Musk to lure victims into making bogus investments.

South Korean Police Arrest 215 in Suspected $232M Crypto Investment Scam Investigation: Yonhap

A YouTuber led a fake investment scam that defrauded over 15,000 investors in South Korea, amassing $232 million from worthless tokens.
morecryptocurrency-scam

Investors accuse the ex-CEO of the company that helped take Trump Media public of stiffing them out of millions of shares

Florida businessman Patrick Orlando is accused of diverting millions in Trump Media shares, engaging in self-dealing that potentially costs investors hundreds of millions.
#cybersecurity

Crypto scams rake in $5.6B a year for lowlifes, FBI says

Crypto-related cybercrime losses in the US exceeded $5.6 billion in 2023, with a significant rise attributed to investment scams targeting older individuals.

Fake trading apps on Google Play and App Store linked to global 'pig butchering' scam

Cybercriminals are using fake trading apps as part of a fraudulent scheme called "pig butchering" to steal significant amounts from victims.

Crypto scams rake in $5.6B a year for lowlifes, FBI says

Crypto-related cybercrime losses in the US exceeded $5.6 billion in 2023, with a significant rise attributed to investment scams targeting older individuals.

Fake trading apps on Google Play and App Store linked to global 'pig butchering' scam

Cybercriminals are using fake trading apps as part of a fraudulent scheme called "pig butchering" to steal significant amounts from victims.
morecybersecurity
#cryptocurrency

Crypto scams more costly to US than ransomware, feds say

Investment fraud led to the largest financial loss in cybercrimes last year at $4.57 billion, mostly targeting victims seeking quick returns through cryptocurrency.
Scammers utilize social engineering tactics like romance or confidence scams to transition into crypto investment fraud, along with appealing scams claiming to recover lost funds.

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

The SEC is addressing the rise of pig butchering scams targeting crypto investors, emphasizing heightened awareness among the public.

Inside the 'crypto con' costing victims billions in losses: ABC News Investigates

Beware of scams like 'pig butchering' which groom victims before enticing them to invest in fraudulent schemes.

Crypto scams more costly to US than ransomware, feds say

Investment fraud led to the largest financial loss in cybercrimes last year at $4.57 billion, mostly targeting victims seeking quick returns through cryptocurrency.
Scammers utilize social engineering tactics like romance or confidence scams to transition into crypto investment fraud, along with appealing scams claiming to recover lost funds.

SEC Charges 3 Individuals, 5 Companies With Operating Pig Butchering Scams

The SEC is addressing the rise of pig butchering scams targeting crypto investors, emphasizing heightened awareness among the public.

Inside the 'crypto con' costing victims billions in losses: ABC News Investigates

Beware of scams like 'pig butchering' which groom victims before enticing them to invest in fraudulent schemes.
morecryptocurrency

Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year

ASIC closed down 615 cryptocurrency scams, tackling a significant rise in investment fraud with Australians losing A$1.3 billion last year.
#bankruptcy

FTX crypto fraud victims to get their money back -- plus interest | TechCrunch

The vast majority of victims impacted by the FTX cryptocurrency exchange crash will receive their money back with interest.

Debt-ridden UK council accuses tycoon of misusing 150m of its investments

Thurrock council alleges misuse of £150m investments by a businessman during its financial crisis, leading to bankruptcy.

FTX crypto fraud victims to get their money back -- plus interest | TechCrunch

The vast majority of victims impacted by the FTX cryptocurrency exchange crash will receive their money back with interest.

Debt-ridden UK council accuses tycoon of misusing 150m of its investments

Thurrock council alleges misuse of £150m investments by a businessman during its financial crisis, leading to bankruptcy.
morebankruptcy

How Deepfake Elon Musk' Became the Internet's Biggest Scammer

A.I.-driven deepfake scams have become a major risk, as illustrated by the case of an 82-year-old retiree losing $690,000.

Long Island investment advisor convicted of embezzling $1 million to fund lavish life

A former investment adviser was convicted of wire fraud, investment adviser fraud, and money laundering for misappropriating over $1 million from clients.
#money-laundering

Police to detail investigation that led to charges against Ontario's 'Crypto King' | CBC News

Durham police charged 'Crypto King' with fraud and money laundering after a 16-month investigation.

UK Police Seize Nearly $1.8B of Bitcoin From Investment Fraud in China: FT

U.K. police have seized £1.4 billion worth of bitcoin in an investment fraud case in China.
The bitcoin was confiscated as part of the ongoing trial of Jian Wen, who is accused of money laundering.
Yadi Zhang, the alleged mastermind behind the scheme, stole £5 billion from investors and converted it into bitcoin.

Police to detail investigation that led to charges against Ontario's 'Crypto King' | CBC News

Durham police charged 'Crypto King' with fraud and money laundering after a 16-month investigation.

UK Police Seize Nearly $1.8B of Bitcoin From Investment Fraud in China: FT

U.K. police have seized £1.4 billion worth of bitcoin in an investment fraud case in China.
The bitcoin was confiscated as part of the ongoing trial of Jian Wen, who is accused of money laundering.
Yadi Zhang, the alleged mastermind behind the scheme, stole £5 billion from investors and converted it into bitcoin.
moremoney-laundering

Beverly Hills scammer pleads guilty to $18-million cannabis con

Con artist Mark Roy Anderson pleaded guilty to duping investors of over $18 million with false claims of a cannabis empire.
Anderson's history of swindling dates back three decades, with the latest scheme involving a non-existent hemp farm and misleading investment pitches.

Fraud gang stole 1m using Suits and The Riot Club aliases

A gang of investment fraudsters stole over 1 million from victims using aliases from popular television shows.
The fraudsters used cold-calling and pressure tactics to convince members of the public to invest in a managed account scheme.

Billionaire hedge funder sipped a drink as he was found criminally responsible for $100 billion in shareholder losses

Bill Hwang, founder of Archegos Capital Management, convicted of securities and market manipulation fraud, leading to $100 billion market value loss.

SEC Charges Newport Beach-Based John Kralik For Lying to Investors

Investors were allegedly deceived by John Kralik, who misappropriated their funds for personal use rather than real estate investments.
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