Posts Tagged ‘investment scam’
Unmasking Online Scams: The Martin Lewis Impersonation
The internet has revolutionised the way we live, work, and communicate, offering countless opportunities and conveniences. However, with this digital revolution comes the dark side – online scams. These scams can range from simple phishing attempts to elaborate schemes that prey on people’s trust. One such case is the story of Lisa, a victim who…
Read MoreMajor 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 MoreSwindlers and the power of persuasion
Several posts have referenced convicted fraudster Elizabeth Holmes recently because the Theranos scandal is a good example of how the power of persuasion can lead to innocent investors losing substantial amounts. Many of those who invested in Theranos were shrewd and experienced. And yet, they were completely unaware of the fraud taking place under their…
Read MoreLessons to learn from the Theranos investment fraud
An interesting article in the San Diego Union-Tribune explores the issue of due diligence in the Elizabeth Holmes and Theranos investment fraud case. Author Neil Senturia offers amateur investors sound advice about the unregulated investment market. In his article, Senturia claims that: “… talking to a group of wealthy investors confirmed my suspicion that there…
Read MoreTheranos CEO Elizabeth Holmes found guilty of investor scam
Elizabeth Holmes has become the the latest high-profile CEO to be found guilty of an investor scam. The CEO and founder of blood testing start-up Theranos faces sentencing in September after committing two counts of wire fraud, and two counts of conspiracy to commit fraud. Aged 19, Holmes set out to create a cheaper, less…
Read MoreDue diligence, the best remedy for cons and scams
Navigating the world of investments is no mean feat. It’s almost like walking through a beautiful bazaar with lots of shiny items, and smiling vendors luring you into buying their sparkling goods. They all look good from the off, so how are you supposed to know who’s offering a good deal? Luckily, in the world…
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