#investment-fraud

#investment-fraud

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

Individuals fell victim to a scam involving fake AI-generated videos of famous figures promoting a bogus investment opportunity.

Marine veteran Wesley Skelton invested heavily in 'Golden Eagles' based on promises of immense returns, ultimately discovering it was a scam.

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.

Former GameOn CEO and wife accused of $60 million fraud scheme involving misleading investor statements.

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

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

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

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

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

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

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

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

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.

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

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

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

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