News list for " investment fraud"
According to the official website of the Department of Justice, US prosecutors have filed a civil forfeiture lawsuit in a crypto investment fraud case, recovering 7.24 BTC, 14,120 USDT, 105.75 ETH and other crypto assets. Investigations revealed that a Massachusetts resident was lured to join a fake investment group and tricked into transferring funds to a suspicious trading platform. Law enforcement found that at least three victims across the United States sent money to the same platform, and ...
The US FTC (FTC) has warned consumers about a surge in social media investment scams, especially for cryptocurrency investments. These scams involve fraudulent messages that claim to guarantee high returns and have little to no risk. The FTC advises against disregarding such messages and reminds consumers that all investments carry inherent risks. The US FTC (FTC) issued a consumer alert on Friday. The alert was written by Andrew Rayo, a consumer education specialist at the Federal Trade Commiss...
