Crypto and Binary Options investment scams lead to $26M losses in 1H-2018: ACCC LeapRate

July 23, 2018 BY LeapRate Staff

Crypto and Binary Options investment scams lead to $26M losses in 1H-2018: ACCC

With cryptocurrency investment scams rising to become the #2 item leading to fraud related losses for investors, Australia's consumer watchdog ACCC (Australian Competition & Consumer Commission) has issued its Scamwatch updated figures for the first half of 2018, indicating a troubling rise in investment scams. Scamwatch said it is warning the Australian community to be…

May 21, 2018 BY LeapRate Staff

Investment and Binary Options scams rise in record $340 million 2017 in Australia

The Australian Competition and Consumer Commission (ACCC) has reported that Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity. According to the ACCC’s ninth annual Targeting scams report released today, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting Network…

May 15, 2017 BY Valentina Kirilova

Australia consumer watchdog reports $11.6 million of cold calling binary options scams in 2016

During Consumer Fraud Week 2017, ASIC is reminding consumers to protect themselves against investment scams. ASIC Deputy Chairman Peter Kell said: The Targeting Scams report published today by the Australian Competition and Consumer Commission (ACCC) shows reports to Scamwatch on investment scams increased in 2016. ASIC is alerting the public to ways to stay informed…

May 02, 2017 BY Valentina Kirilova

ASIC warns against investment scams promising to assist access to trust funds

ASIC urged the public to be wary of cold callers claiming that their investment proceeds have been stopped by ASIC and are being held for them in a trust. These calls are being made by individuals based overseas and are scams. ASIC warns anyone who receives unexpected contact in this way or a similar manner…

March 31, 2016 BY LeapRate Staff

How investors can avoid getting fooled, by FINRA

On the eve of April Fools' Day, FINRA offers five tips to help investors avoid being tricked out of their money.

Tag: investment scams