#investment-scam

[ follow ]
#fraud #money-laundering #ponzi-scheme #legal-issues #california #wire-fraud #elder-financial-abuse
fromMoneywise
2 days ago

NYC grandma, 86, loses entire life savings of $700K in twisted scam - now she's suing Bank of America, Merrill Lynch for negligence. Who's at fault?

The fraud started in August 2023 as fear dressed up as urgency. Pop-up warnings began flashing across 86-year-old Nina Mortellito's computer screen, claiming her bank accounts had been hacked. What followed was a months-long tale of manipulation that ultimately drained her of $700,000 - her entire life savings. According to a lawsuit filed against Merrill Lynch in Manhattan Supreme Court, the Upper East Side resident who suffers from age-related memory loss was persuaded to make a series of withdrawals over nine months, framed as an act of "safekeeping."
US news
US news
fromThe Mercury News
2 weeks ago

Pleasanton woman expected success from Instagram stock market wizard. Instead, couriers stole $1 million from her

A Pleasanton woman lost $1 million to an Instagram-based investment scam that used social media contact and couriers to collect foreign currency over months.
Miscellaneous
fromThe Hacker News
3 weeks ago

Eurojust Arrests 5 in 100M Cryptocurrency Investment Fraud Spanning 23 Countries

An international cybercrime ring stole over €100 million via a cryptocurrency investment scam, prompting arrests, frozen assets, and coordinated law enforcement actions across multiple European countries.
#fraud
fromFortune
2 months ago
Business

A one-time '40 under 40' rising star in fashion pleads not guilty to charges she allegedly cheated investors out of $300 million

London startup
fromwww.theguardian.com
3 months ago

Man who called himself Kardashian of Cheshire' admits luxury handbag fraud

Jack Watkin fraudulently persuaded people to invest in luxury handbags by showcasing a false wealthy lifestyle.
He changed his plea to guilty after being confronted with evidence in court.
LA real estate
fromMiami Herald
4 months ago

Miami man pleads guilty to stealing millions from Venezuelans, wedding at French chateau

Efrain Betancourt Jr. pleads guilty to defrauding investors, misusing funds for personal luxuries rather than legitimate business activities.
fromFortune
2 months ago
Business

A one-time '40 under 40' rising star in fashion pleads not guilty to charges she allegedly cheated investors out of $300 million

more#fraud
Brooklyn
fromBrooklyn Eagle
3 months ago

Sentenced to 18 years for fraud, in a second round of prison

Richard Sterritt was sentenced to 18 years in prison for swindling $17 million from investors.
[ Load more ]