Scams
Brits lost £63m to social media scams in a year
Men aged 19-25 most at risk of falling victim, with cryptocurrencies most common lure
Aussie regulator warns investors against fake news scams
Fraudulent ads promote crypto investments and contracts for difference trading
FCA targets 24-hour shut down of scam sites
It comes after national newspaper’s campaign saw thousands hand over personal details online
DB transfers face further hurdles in bid to stop scams
But warnings that DWP’s plan could push market ‘back into the dark ages’ and ‘cause serious consumer detriment’
Alternatives | 12 May 21
Pair guilty of defrauding £36m from vulnerable victims
Crown Prosecution Service described it as a ‘particularly heinous scam’