Investment Scams
The Rise and Fall of a £70million Investment Scam
In a shocking case of financial deception, Anthony Constantinou, the mastermind behind a Ponzi-style investment scam, has been found guilty. Constantinou, the founder of Capital World Markets (CWM), promised investors lucrative returns on risk-free foreign exchange trades. However, instead of investing the funds as promised, he used new investors’ money to pay off existing investors.…
Read MoreCouple Convicted of Cold-Calling Investment Scam
A married couple were convicted last week for heading up a cold calling investment scam targeting elderly victims with a total loss of over £2.7 million. It’s not often we see white collar crime punished in the UK, so this is a refreshing piece of news. Southwark Crown Court found Clint Canning guilty of fraud…
Read MoreInvestment Scams wreaking havoc on Facebook and Instagram
Research from Which? found hundreds of investment ads on Facebook and Instagram that are misleading investors into potential investment scams. The findings come as there’s been a huge surge in losses liked to investment scams. Here at I&L, we’re always on alert for the newest scams that pop up and have done many a post…
Read MoreIndependent Financial Advisors (IFA)
An IFA (independent financial advisor) is someone who gives unbiased advice on how to invest in financial products across the market. What all financial advisers in the UK should have in common is that they’re regulated by the Financial Conduct Authority (FCA). This means there are rules they must follow when dealing with you. Choosing…
Read MoreConsider investment fraud victims
It is somewhat common knowledge that white-collar criminals regularly dupe innocent investors into handing over their hard-earned cash. During the fallout of such cases, we often, understandably, hear about the perpetrators and their misdemeanours. White-collar criminals become famous. But rarely is a voice is given to victims of unregulated investment fraud and similar crimes. Remember…
Read MoreWhat are recovery room scams?
A recovery room scam occurs when scammers falsely present themselves as insolvency professionals to recover funds lost in a failed investment. This is a growing problem in the UK so it’s important that you look out for red flags such as: False claims of working for the police, government or the Financial Conduct Authority (FCA)…
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