Tagged: scams

May 4, 2019 @ 3:54 pm By JD Alois  |  

Cryptosecurity firm Ciphertrace has published their Q1 report tallying scams, frauds, and other nefarious acts in the crypto sector and the first three months of 2019 were productive ones for the bad guys. According to Ciphertrace, during the first three months of 2019, $1.2 billion… Read More

February 19, 2019 @ 6:43 pm By Cali Haan  |  

Netherlands-based payments news outlet The Paypers has published an interview with an unnamed investigator from the FBI (Federal Bureau of Investigation), America’s domestic intelligence and security agency, in which the agent suggested a direct correlation between the number of ERC-20 tokens in circulation and the number of… Read More

January 29, 2019 @ 10:37 am By JD Alois  |  

CipherTrace is out with a report on cryptocurrency scams and fraud. It is widely known that crypto suffers from rampant acts of theft and cons as these digital assets have become the targets of global criminals seeking an easy payday or simply to launder illicit… Read More

January 2, 2019 @ 7:18 am By Cali Haan  |  

A freedom-of-information request filed by The Sunday Telegraph shows that four-fifths of 49 companies investigated by the UK’s Financial Conduct Authority (FCA) resulted in warnings about those companies being issued to the public. A total of 67 investigations into crypto operations have been launched by the FCA. 18 investigations are… Read More

August 30, 2017 @ 9:19 am By JD Alois  |  

The Securities and Exchange Commission (SEC), office of Investor Education and Advocacy, is out with a note on the booming Initial Coin Offering market telling investors to beware. The ICO market has grown rapidly with estimates topping $2 billion in token sales this year alone…. Read More

October 18, 2015 @ 5:09 pm By JD Alois  |  

The US Department of Treasury, via its FinCen or Financial Crimes Enforcement Network, is ringing warning bells when it comes to rewards based crowdfunding. FinCen notes a rise in “suspicious activity reports” (SARs). In a report published this past week, FinCen spotlighted rewards based crowdfunding… Read More

February 27, 2015 @ 2:02 pm By Samantha Hurst  |  

As crowdfunding continues to gain more popularity, the Connecticut Better Business Bureau (BBB) has warned backers to be careful when it comes to funding projects. In an effort to avoid scams, the bureau stated on its website backers should do diligent research before helping fund a new… Read More

October 17, 2014 @ 2:45 pm By Samantha Hurst  |  

As consumers continue to search for the truth behind the deadly Ebola virus, including cures and projects dedicated to Texas nurses Amber Vinson and Nina Pham, the Better Business Bureau (BBB) has revealed that are more scams continuing to surface.  As previously reported, the city of… Read More

June 14, 2013 @ 3:35 pm By Charles Luzar  |  

The team behind the crowdfunding campaign for the Kickstarted documentary may have helped catch the largest Kickstarter fraud in history just in the nick of time, and literally quite by accident. Correction: Maybe not THE largest… The team explains in a recent blog post… A… Read More

May 7, 2013 @ 8:17 am By The Daily Dot  |  

Two indie comic artists received a valuable lesson on the fine art of crowdfunding when a scammer copied their Kickstarter campaign word-for-word to a rival site. And the scammer was a real public relations hustler. “It was actually kind of educational,” Ken Lowery, one of… Read More

December 14, 2012 @ 9:07 pm By JD Alois  |  

Consumers Lose Millions to Scammers and Ponzi Schemes; New Effort Combines Education, Local Outreach WASHINGTON — Better Business Bureau and the FINRA Investor Education Foundation today launched a new consumer website, BBB Smart Investing, which is designed to help investors make smarter investing decisions while avoiding… Read More