Cybercrime: Beware of Ukraine donation scams

It is hard not to be affected by the horrific scenes of war from Ukraine that appear daily on our screens. We can only empathise with the innocent people caught in the crossfire. Most of us feel helpless, but want to help anyway we can. Consequently, there has been a global outpouring of cash and…

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Due diligence in the Dragon’s Den

More than 50% of companies that secure investment on Dragon's Den never receive anything

Although the BBC’s long-running reality TV show Dragon’s Den has produced several business success stories, there have also been some missed opportunities. In 2007, for example, Jamaican chef Levi Roots earned a tidy sum after celebrity angel investor Peter Jones offered £50,000 for a 40% stake in his Reggae Reggae Sauce business. However, later that…

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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: More…

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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 scam investments. 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…

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