Victims of Investment Scam Receive £2 Million Compensation

Not all superhero’s wear capes. One such tale revolves around John Gerard Metcalfe, from Essex whose actions led to a £2 million loss for several individuals. Metcalfe’s fraudulent investment scam ultimately brought him to bankruptcy and legal action in 2013. However, justice has a way of catching up, and in 2017, he was convicted of…

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£2.8 Million Oil Scam Director Faces Ban

disqualified director scam

The world of finance is riddled with tales of deceit, swindling, and the exploitation of trust. One such story that has come to light recently involves disqualified director, Kenneth James Campbell, a 52-year-old from Glasgow, who orchestrated a sophisticated investment scam that left many innocent investors in financial ruin. Reassuringly, there are occasionally consequences for…

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FCA and FSCS: “Investors should do more due diligence”

FCA and FSCS say investors must conduct more research to protect themselves against online scams

A survey by the Financial Services Compensation Scheme (FSCS) and Financial Conduct Authority (FCA) found that many investors avoid doing due diligence because they found the process “complicated” and “time consuming.” According to the results of the study, 42% of Britons aged 18 to 24, who have money in investments, claim their latest investment was…

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Sister and brother charged with £100m crypto scam

US authorities to prosecute brother and sister caught in crypto scam

Earlier this month, US authorities exposed another reason why you should be cautious of crypto-opportunities following the arrest of two siblings charged with of using a crypto scam to defraud investors out of $124 million (around £95m). Although we have recently posted several blogs on crypto scams, this story deserves coverage for two reasons: Between…

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FCA targets unregulated investment scammers

Financial Conduct Authority targets online scammers

The Financial Conduct Authority (FCA), which regulates financial companies providing services to consumers, announced plans to increase preventative action against potential consumer scammers. Apparently, the FCA stopped one in every four bogus companies from entering the market in 2021. The figure had been one in five in 2020. While these statistics are reassuring, punishing unregulated…

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How to avoid social media scams

An increasing number of people falling victim to social media investment scams

An increasing number of people are being duped into investing in social media scams. According to the US-based Federal Trade Commission, social media was “…far more profitable to scammers in 2021 than any other method of reaching people.” When you think about it, social media is a scammer’s dream. They have access to the same…

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