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Scam News 17-05-2023
The Disturbing Link Between Crypto Scams and Terrorist Groups
Losing money to a crypto scam is traumatic. So is being targeted by a terrorist attack. What is the connection between the two disasters? The link can be stronger than it may appear at first glance. Once crypto scam victims lose their money, they’ll want to know where the funds went. Finding out what the […]
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Scam News 15-05-2023
Has Your Broker Accused You of Money Laundering?
When we investigate suspected scam brokers, we often run across dodgy unlicensed financial companies that try to funnel illegal funds through accounts and platforms. However, once in a while, we see problematic brokers who accuse customers of money laundering as a pretext to avoid allowing them access to their accounts. It can be shocking to […]
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Scam News 09-08-2021
50% of SMBs Hacked: 5 Ways to Keep Your Company Secure
Headlines now and again features stories about major corporations getting hacked. According to new surveys, not only large corporations but SMBs or small and medium businesses run a substantial risk for hacking. It is estimated that 50% of all SMBs suffer from malware attacks. Perhaps more upsetting is that of these companies that experience data […]
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Scam News 09-07-2021
Traders Lose $3.6 Billion to South African Teen Brokers– How to Stay Safe from Crypto Scams
It started with offers to return clients traders’ initial investments by as much as 10% per day and ended with a staggering $3.6 billion in losses for clients. This record amount was stolen by two young South African brothers and may turn out to be one of the largest cryptocurrency scams on record. It should […]
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common-scams 09-07-2021
Forex Trading Scams
Forex is the largest and most active financial market, with $3 trillion in foreign currency trades happening every day. This lively market attracts day traders who like excitement and risk. However, even in the best of circumstances, novice traders often lose money on forex. Seasoned forex traders may make some money on foreign currency, but […]
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common-scams 09-07-2021
Crypto Scams
Crypto scams are making headlines almost daily. Although cryptocurrencies are among the most exciting innovations in the 21st century, like all technology, some hazards accompany them. It may be liberating to be free from having to hold physical currency or constantly making credit card or bank transactions. However, the ease, convenience, and anonymity provided by […]
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common-scams 09-07-2021
Other Types of Scams
There are many ways of making some extra money online and offline. However, among these legitimate opportunities are a variety of frauds that seek to take advantage of people who need some extra cash. Along with numerous forex trading scams, crypto scams, and CFD scams, there are also many other types of fraud that target […]
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common-scams 09-07-2021
What Are Bitcoin Forex Scams?
Most people have heard of “bitcoin” and “forex” but the actual workings of these financial products may seem abstract. Some may think bitcoin and forex are opportunities to make money fast while others may immediately associate the terms with fraudulent activity. There is some truth behind all of these impressions. It is true that legitimate […]
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common-scams 09-07-2021
Broker Withdrawal Scam
Onlne trading is attracting both new and seasoned traders. One thing clients expect from a broker, no matter how well or badly the trades go, is to have the ability to withdraw the remaining funds in their account. However, many traders experience forex withdrawal problems. Not allowing traders to withdraw money is a sign of […]
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common-scams 09-07-2021
CFD Scams
CFDs were once reserved for high-end traders who held brokerage accounts in 6-digit amounts. Times have changed and now virtually anyone can trade CFDs, as long as they are located in a country that allows them. The downside of this development is that there are unfortunately numerous CFD scams that rob consumers. It is important […]
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