Scam Archives - FortuneZ

ASIC Reports 20% Uptick in Investment Scams During COVID-19

June 24, 2020

The Australian Securities and Investments Commission (ASIC) announced this Wednesday that it has seen an uptick in the number of investment scam reports from consumers and investors within Australia during the ...

FBI Warns Against Rising Crypto Scams with COVID-19 Pandemic

April 14, 2020

The United States’ Federal Bureau of Investigation (FBI) has issued a warning on Monday against the rising number of cryptocurrency scams, leveraging the ongoing fear of the COVID-19 outbreak. The agency det...

Horizen Warns Against Crypto Exchange Bitfare

January 6, 2020

ZEN token-issuer Horizen has warned against trading on Bitfare, alleging that the digital asset exchange is possibly running a fraudulent service and trying to scam their customers. Founded last September, t...

CFTC Targets Corona-Related FX and Binary Options Scam

August 7, 2019

A Georgian resident, who was ordered by a state regulator to ‘cease and desist’ earlier this year, is in hot water with the CFTC on charges that he defrauded people by soliciting investments in a phony FX and b...

Belgium’s FSMA Crypto Warning List Hits 120 Websites

April 4, 2019

The week might almost be over, but scams within the financial industry never sleep. This Thursday the Financial Services and Markets Authority (FSMA) of Belgium has updated its warning list. According to the...

$3 Billion in BTC in Question as India’s Biggest Financial Scam Ever is Revealed

August 10, 2018

Investigations into a $3 billion Ponzi scheme in the Indian state of Gujarat have revealed a laundry list of characters and plot points that seem straight out of Hollywood. In addition to allegations of tax e...

Firm Openly Runs Pyramid Scheme and Exit Scam, Makes Millions Anyway

July 24, 2018

A cryptocurrency company called Team JUST is openly perpetrating an exit scam and a pyramid scheme and has made millions of dollars (and counting). The exit scam is called FOMO3D (URL – exitscam.me). It expl...

Benebit ICO Scammed Investors for At Least $2.7 Million

January 24, 2018

ICOs has been quite a hype lately. Though this controversial fundraising method is attracting a lot of investors due to the possibility of high short-term returns, it is very risky. And the unregulated nature...

Fraudulent Binary Options Brokers Scam Australians Out of $11.5m

May 15, 2017

The Australian Competition and Consumer Commission (ACCC) published its latest report detailing scam activity in the Australian financial markets for 2016. Despite concerted efforts to police markets domestic...