Posts by investmentreview
Major UK Bank Warns Investors of Online Scams and Fraud
Major UK bank TSB has called on social media giant Meta to take action against the rising wave of investment fraud and online scams on its platforms. Specifically, TSB has revealed that the scale of social media scams on Facebook, WhatsApp, and Instagram is massive. Accounting for 80% of fraud cases. As a result, with…
Read MoreInvestment Scammers- Uncovering The Web of Deceit
The BBC’s investigative unit, BBC Eye, has uncovered a global web of investment scammers. They have collectively robbed ordinary retail investors of over a billion dollars. The network, known to police as the Milton group, has been exposed by the BBC, which has identified the crooks behind it. Interestingly, the group had originally used the…
Read MoreThe Digital Smoke-The Largest Online Investment Scam
Have you heard of Digital Smoke? It was recently reported that one of the largest online investment scam networks (by size and volume of operations) has been identified. Investigators penned the name ‘Digital Smoke’ as once the group took payment from victims- they would disappear. They would then go on to set-up their next scampaign…
Read MoreSilicon Valley Investor’s Due Diligence Fail
Silicon Valley is known globally as the center of technology entrepreneurship and innovation. It is the hub of tech start-ups, full of hopefuls vying for funding from venture capitalists and angel investors. And many with money to spare are eagerly searching and awaiting the next big thing in tech to invest in. However, Silicon Valley…
Read MoreArmchair Detectives Save Themselves From Investment Scams
Last week, the Financial Conduct Authority (FCA) reported that 25% of people who avoided an investment scam, are being armchair detectives to stop rogue traders in their tracks. They reported that savvy investors saved £2m in 2022 by spotting the warning signs. With calls to the FCA increasing 193% in the last five years, which…
Read MoreReports Find Investment Scams Rise By 193% in 5 Years
It was reported this week that calls to the Financial Conduct Authority about investment scams have risen by almost 200% in the past five years. As fraudsters become more astute and sophisticated at how they going about their scams. This is partly due to the rise in ‘push-payment’ fraud, where scammers pose as trusted figures…
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