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Showing 1 - 10 of 32 results for %22Fraudsters%22

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... protect you and your loved ones from these scams and the predators who perpetrate them. The time has come to put the fraudsters out of business. And that's what I'm determined to do," Sunak said. It is already against the law in the UK for product issuers ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... taskforce noted a surge in retail fraud and scams, as the digitalisation of financial services has made it easier for fraudsters to spread false communications and evade detection. Fraudsters now exploit traditional methods alongside novel forms of crypto-asset ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
Four people have been jailed in the UK over a $37 million fraud carried out on an Australian cryptocurrency exchange five years ago. The UK's Crime Prosecution Service (CPS) said Stephen William Boys, Kelly Caton, Jordan Kane Robinson and James Austin-Beddoes ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... were the next most prevalent. False billings (11%) are the third-most common scam that rakes in $19.32 million for fraudsters, followed by life threats and arrests (7%,) and remote-access scams (5%). "The different forms of scam losses are likely to ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
Australians lost $126 million to investment scams in 2019, with many fraudsters using 'celebrity' endorsements to rort investors. According to the latest figures coming out of the ACCC's Targeting Scams report, Australians were defrauded ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle. Fraudsters are posing as agents from superannuation ...

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
Fraudsters have wasted no time in using the government's new early release of super initiative as an opportunity to swipe the retirement savings of unsuspecting Australians. Intrust Super has warned its members of the risk they will be targeted ...

Ponzi scheme rakes in almost $1.5bn

HARRISON WORLEY  |  TUESDAY, 28 JAN 2020
... pitch to investors seemed new and innovative, their alleged fraud was "old and simple". "This case is a reminder that fraudsters often try to lure investors by associating themselves with trendy technologies," Michael said. In addition to the SEC's charges ...

Financial scams smash Australia

HARRISON WORLEY  |  TUESDAY, 2 JUL 2019
... 2018, and found cyber related fraud to be a particular concern. Specifically, banks are concerned with attempts by fraudsters to gain customer data through social engineering attacks which coerce customers to reveal private information. KPMG global fraud ...

Crypto scams bite UK

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... average victims were scammed out of more than £14,000 from crypto and forex scams over 2018/19. The agencies said fraudsters were targeting citizens through social media, promoting "get rich quick", online trading platforms which often feature fake ...
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