#investment-fraud

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fromSFGATE
6 days ago

Calif. man accused of scamming dating app users out of $2 million

According to the Central District of California U.S. Attorney's Office, a California man was indicted on 13 counts of wire fraud for scamming dating app users out of $2 million.
US news
fromwww.whittierdailynews.com
6 days ago

California man accused of using dating apps to scam people of more than $2 million

Christopher Earl Lloyd, 39, was charged with 13 counts of wire fraud for allegedly using dating apps to scam over $2 million from victims by lying about his financial success.
US politics
fromOCCRP
1 week ago

Behind the Scam: How Fraudsters Use Social Media, Software, and Shell Companies to Steal Millions

Affiliate marketers use phishing ads to collect victim data for call centers offering fake investment opportunities.
#ponzi-scheme
fromFortune
3 weeks ago
US politics

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

fromFortune
3 weeks ago
US politics

Republican banker accused in $140 million Ponzi scheme bought a Patek Philippe watch, jaunts to Kennebunkport, and put millions on his credit cards

fromBusiness Insider
2 weeks ago

Fyre Festival's Billy McFarland just sold the brand for $245,000. He still owes his victims $26 million.

Billy McFarland auctioned the branding rights of Fyre Festival on eBay for $245,300, receiving 175 bids, highlighting the event's lasting notoriety and his future endeavors.
Social justice
fromThe Hacker News
3 weeks ago

BaitTrap: Over 17,000 Fake News Websites Caught Fueling Investment Fraud Globally

Large-scale scams using fake news websites target online investors across 50 countries.
#securities-fraud
fromBoston.com
1 month ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

fromBoston.com
1 month ago
Boston real estate

Former hotel worker accused of swindling coworkers out of $700K in investment scam

#scams
fromLifehacker
1 month ago
Social media marketing

Those Investment Ads on Facebook Are Scams

Current investment scams utilize fraudulent Facebook ads impersonating well-known investors to exploit emotional vulnerabilities, leading to significant financial losses.
Marketing tech
fromOCCRP
4 months ago

Scam Operations Relied on Third-Party Marketing Companies for Steady Stream of Potential Victims

Scam Empire reveals the vast scale of international investment fraud operations involving call centers, impacting thousands of victims globally.
Marketing tech
fromOCCRP
4 months ago

Scam Operations Relied on Third-Party Marketing Companies for Steady Stream of Potential Victims

Scam Empire reveals the vast scale of international investment fraud operations involving call centers, impacting thousands of victims globally.
fromInsideEVs
2 months ago

Want A Nikola Hydrogen Truck? Now's Your Chance

Nikola Motors has filed for Chapter 11 bankruptcy and is now auctioning its hydrogen-powered semi trucks, including operational vehicles and fueling equipment.
NYC startup
fromwww.housingwire.com
2 months ago

HomeVestors franchisee accused of running Ponzi scheme

This is a mess created by me. Federal authorities, including the Department of Justice (DOJ), are now investigating, according to an April call between the lead prosecutor and potential victims.
Silicon Valley real estate
fromwww.theguardian.com
2 months ago

Former footballers claim financial grooming' took them to hell and back'

Former footballers are facing severe financial and mental health issues due to fraudulent investment schemes and penalties from HMRC.
fromTechzine Global
3 months ago

Research exposes large-scale investment fraud via the internet

Cybercriminals exploit sophisticated methods for investment fraud, leading to significant financial losses for victims.
fromTechCrunch
3 months ago

Indian ride-hailing startup BluSmart swept up in Gensol investigation alleging misuse of EV loans | TechCrunch

India's SEBI is investigating Gensol Engineering for alleged misuse of loans meant for electric vehicle purchases.
fromSFGATE
3 months ago

Bay Area tech startup CEO gets prison time for lying about product

Shaukat Shamim, the founder of YouPlus, was sentenced to 2.5 years for defrauding investors, raising $17 million by falsely claiming advanced AI capabilities.
NYC startup
fromEntrepreneur
4 months ago

FTC Sues Click Profit, Alleges Passive Income Amazon AI Scam | Entrepreneur

Click Profit misled consumers by falsely promising them guaranteed passive income using cutting-edge AI technology and exclusive brand partnerships.
Marketing tech
NYC startup
fromLos Angeles Times
4 months ago

California anti-poverty activist accused of defrauding investors out of more than $145 million

Joseph Sanberg, anti-poverty activist, was arrested for allegedly defrauding investors of $145 million.
LA Dodgers
fromLos Angeles Times
7 months ago

Man used Jackie Robinson contracts to steal millions from investors. Then he fled to Russia seeking asylum

Jackie Robinson's contracts are now held by U.S. Marshals, valuing them potentially in millions, stemming from a fraud investigation.
fromwww.theguardian.com
8 months ago

FCA is incompetent at best, dishonest at worst', claim MPs and peers

The picture painted is not pretty. The FCA is seen as incompetent at best, dishonest at worst. Its actions are slow and inadequate, its leaders opaque and unaccountable. Financial crime is a massive problem in the UK, making it vital that the watchdog is delivering on its objective to provide consumer protection.
UK politics
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