Posts by admin
FCA targets unregulated investment 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…
Read MoreNetflix series for social media scammer Sorokin
If you’re a film and TV buff, you’ll probably have noticed a recent surge in ‘scammer stories’ such as the new Netflix miniseries Inventing Anna, which chronicles the activities of convicted fraudster Anna Sorokin. Simply by pretending to be rich heiress Anna Delvey, Sorokin came dangerously close to: Securing $40million (around £29m) from US major…
Read MoreHow to avoid social media 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…
Read MoreTop 7 cryptocurrency scams
Cryptocurrency is a new and fast-moving sector, which is probably why it hasn’t been covered in previous posts. After all, where does one start? Luckily, this question was answered last week after we found evidence of people being duped into handing over large sums. Unsurprisingly, the swiftly-expanding nature and popularity of cryptocurrencies have led to…
Read MoreHow to challenge a statutory demand
Company directors, business owners, and individuals can expect to receive more statutory demands in 2022 compared to previous years. Why? Covid-19 has forced many people and companies to give more credit than usual, and making a statutory demand is the first thing they’ll do when attempting to recover overdue debts. A statutory demand is a…
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…
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