The U.S. Federal Trade Commission (FTC) has issued a consumer alert titled "Is Someone Asking You to Transfer Money? It Could Be a Scam," reminding the public to be vigilant about common issues such as suspicious activity in victims' Amazon accounts. T

On March 4, 2024, the Spanish National Securities Market Commission (Spanish: Comisión Nacional del Mercado de Valores), or CNMV, warned nine unauthorized foreign exchange traders. CNMV is the regulatory agency that oversees the Spanish securities trading

The FBI's annual Internet crime report shows that among online fraud cases reported by the American public, losses exceeded $12.5 billion in 2023, a 22% increase from the previous year. The report, which compiles information from the FBI's Internet Crim

As early as January 2021, Vantage FX announced that it would withdraw from the mainland Chinese market. In the past three years or so, Vantage FX has never released news about resuming business in the mainland China market. In fact, several entity website

A Hong Kong IT professional was defrauded of more than HK$2.7 million (US$345,095) after investing in gold through a fake trading platform, becoming the victim of the latest wave of online fraud. The scam came to light when the man reported the incident t

The Australian Securities and Investments Commission (ASIC) has announced the success of its ongoing efforts to combat investment scams. Nearly 3,500 fraudulent investment websites have been eradicated since ASIC launched its scam website removal feature

Overnight, the Egyptian currency collapsed. On March 6, local time, the Egyptian pound suddenly collapsed, reaching a historical low of 50.55 Egyptian pounds per U.S. dollar. The Egyptian Stock Exchange EGX 30 index fell sharply that day, closing down 3.0

"I lost all my hard-earned money and savings. I had sold the stocks I had personally invested in. I later realized that most of the members of the gang were fake and just part of an organized fraud ring, I have called the police now," said Sarkar, a 58-

In an era of high inflation and meager interest on savings, there is an increasing risk that investors will be dazzled by "high returns" and "guaranteed profits". It's not always easy to tell the difference between a high-risk (but legal) scheme and

On February 27, 2024, the Malta Financial Services Authority (MFSA) issued warnings to two unlicensed entities, Investoscope and Expert Advance Trade Ltd. Investoscope's website address is https://www.investoscope.io/, which claims to be a "Malta-direct