Scams

The Securities and Exchange Commission (SEC) has drafted, for public comment, the Implementing Rules and Regulations (IRR) of Republic Act No. 11765, or the Financial Products and Services Consumer Protection Act (FCPA) which also covers…

Senators on Wednesday, January 25 said they see an emerging humanitarian crisis if the recruitment of Filipinos for cryptoscamming operations continue to persist.Sen. Risa Hontiveros, chairperson of the Senate Committee on Women,…

Financial scams have become more sophisticated and easier to perpetrate, ballooning into a billion-dollar industry in Australia, experts have warned.Last year more than 239,000 scams worth $570m were reported to Scamwatch, but the…

An Ontario man says he is “devastated” after spending his entire life savings in an investment scam he got involved with following a YouTube video he watched. “I’m devastated. It ruined me, and it’s my life…

The cryptocurrency meltdown is regularly described as a liquidity crisis by industry insiders and uncritical media outlets. The story goes something like this: a downturn in crypto markets, perhaps the result of negative trends in the…

A pair of residents in Middlesex were robbed in separate scams, police said. One scam was a person saying they were a member of the Mexican Cartel. A second scam involved investments in cryptocurrency via…

The FBI confirmed North Korean cybercrime teams exploited Harmony Bridge.  Hackers moved $60 million of stolen funds through RAILGUN, an Ethereum-based privacy protocol. The exploiters compromised two out of four multisigs…

My mother, JK, has been a Lloyds Bank customer for 30 years and last summer fell victim to authorised push payment fraud. She was scammed out of close to £30,000.English is not her first language, and I have been trying to help her get the…

Police investigators are reporting that for 2022, victims of fraud in Maidstone have lost more than $570,000 in cryptocurrency. Maidstone RCMP say they have 37 reports of people being fleeced by fraudulent calls and many of those involved…

2022 saw a number of scams hit the top of Finextra’s headlines.  Research found that 8% of consumers were ignoring confirmation of payee warnings and celebrities like Joe Lycett even waded in on the issues,. As…