Scams

Senator Elizabeth Warren’s proposed Digital Asset Anti-Money Laundering Act, aimed at combating crypto-related scams, ignites a complex debate over the balance between regulation and innovation in the digital finance arena. In a Nov. 16…

© Reuters. American Water (NYSE:), the nation's prominent water and wastewater utility company, is raising awareness about utility scams on Utility Scam Awareness Day. The company has taken this opportunity to educate its customers…

2/2 © Reuters. FILE PHOTO: JPMorgan Chase and Company Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, and Bank of America Chairman and CEO Brian Moynihan, talk following their testimony before a Senate Banking, Housing, and…

Lloyds Bank has issued a stark warning as crypto scams spike by 23% this year, revealing that victims are losing an average of £10,741. The report highlights the alarming trend of two-thirds of these scams originating on social…

A recent press release issued by Britain’s Lloyds Bank shares that crypto scams that have surged 23% over the course of the year. Young investors between the ages of 25 and 34 years old are said to be the most prevalent target for these…

Understanding impersonation scams in crypto In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or…

The Calgary Police Service issued a warning to residents to beware of fraudsters who promise high returns on crypto investments, noting that Calgary victims have lost more than $22 million mostly to investment scams so far…

Bad actors are now turning to the video-sharing platform to scam people by pretending to be crypto giveaways from celebrities. TikTok is being flooded with fake posts pretending to be crypto giveaways from Elon Musk hourly,…

(Bloomberg) -- At the start, the job looked like a well-paid role in finance. It ended with a $10,000-a-month drug habit and a cell in a German prison.Most Read from BloombergThat’s the story of Tal-Jacki Z.F., who was involved in an online…

Receive free financial fraud updatesWe will send you a file myFT Daily Digest Rounding email to the latest financial fraudNews every morning. UK banking and finance lobby group claims Facebook Meta owner's social media sites hold…