Virtu continued: If you have been contacted by any person(s) purporting to be acting on behalf of or in connection with Virtu to trade cryptocurrency, be aware that these individuals are not authorized representatives of Virtu. The company also noted that victims of such fraudulent actions can contact their local FBI office. Virtu Financial highlighted…
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Arcaro has already pleaded guilty to BitConnect-related activity, including to charges of conspiracy to commit wire fraud. BitConnect was one of the largest crypto scams. It is estimated that it cheated investors out of $2 billion during its 2017 ICO peak. Arcaro and Future Money have agreed on the entry of judgments. Arcaro is permanently…
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The company said: When reaching out via Skype please ensure that the account you are talking to has Skype name: brokeree before exchanging any financial or other private information. Brokeree also noted that it accepts payments in EUR or USD via bank transfer. Its contracts are signed, discussed and exchanged only via email. Brokeree employees…
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One of the reasons for the rise is that scammers are capitalising on the interest in the cryptocurrency market, with more than half of the $70 million loss due to crypto scams and 2,240 of the 4,763 reports put down to crypto scammers. ACCC Deputy Chair, Delia Rickard, warned: Be wary of investment opportunities with…
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An ACCC spokesperson stated: The ‘Hope Business’ app is a scam. Victims were encouraged to transfer funds in a Ponzi scheme. They were initially able to withdraw funds which encouraged them to recommend the application to family and friends, but they were subsequently unable to access their money. The same spokesperson then stressed that anyone…
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The ACCC said in the report: It is not surprising that in 2020, 25% of all scam reports involved the loss of personal information, up from 16% in 2019. Loss of personal information was even higher among Indigenous consumers, where 36% of all scam reports involved the loss of personal information. The increasing value of…
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He allegedly engaged in various efforts to conceal his misconduct – he misrepresenting his trading profitability and the amount of assets he had under management, misappropriated customer funds, and issuing false performance statements. The complaint stated that Spence eventually admitted to his customers that he had engaged in “lies and deceit.” Acting Director of Enforcement…
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CEO Jack Dorsey tweeted on Wednesday: Tough day for us at Twitter. We all feel terrible this happened. We're diagnosing and will share everything we can when we have a more complete understanding of exactly what happened. Twitter took steps to verify accounts and blocked users from tweeting bitcoin wallet addresses temporarily. CryptoForHealth.com website was…
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The Cyprus regulator said that such cases occur often and may be part of a sophisticated online scheme to defraud investors. Typically, such scams may have the following characteristics: Individuals claim to be CySEC officers, appointed representatives of CySEC, other Cypriot supervisory authorities or bank representatives appointed by CySEC. These scammers contact investors that are…
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However, the charges did not stop Schmidt and Dunlap from continuing to promote Meta 1. SEC’s contempt motion states that the three defendants had raised more than $4.3 million from “investors” and were continuing to sell the tokens. Judge Pitman said that in this case imposing a fine would not be effective and chose a…
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