Financial

He was a director in a firm that cold-called unsuspecting members of the public, mainly the elderly, and persuaded them to invest thousands of pounds in materials known as rare earth elements, falsely promising big returns.

https://www.itv.com/news/london/2019-01-11/former-victoria-beckham-brother-in-law-jailed-over-1m-fraud/

The bank, which suffered a string of IT outages last year that led to the exit of its chief executive Paul Pester, said the scheme was aimed at fraud prevention and enforcement.

http://www.cityam.com/271347/tsb-backs-met-200000-fund-fight-fraud-london-after-last

The (EU) Council and Parliament negotiators reached an agreement on the directive on combating fraud and counterfeiting of non-cash means of payment.

https://www.consilium.europa.eu/en/press/press-releases/2018/12/11/agreement-on-new-rules-to-fight-non-cash-payment-fraud/

A former financial advisor from Southport has been jailed for his involvement in a multi-million pound investment fraud

The Financial Conduct Authority (FCA) dished out £60,467,212 in fines last year, falling from £229.5m in 2017.

https://www.insuranceage.co.uk/broker/3774346/fca-fines-down-to-ps605m-in-2018

In this issue, the FCA details its findings on a review of the implementation of the Market Abuse Regulation (MAR).

https://www.fca.org.uk/publication/newsletters/market-watch-58.pdf

Over a dozen firms in the cryptocurrency sector are under investigation by UK ’s financial regulator as the Financial Times reports 18 companies were being investigated over their involvement in selling cryptocurrencies.

https://gooruf.com/uk/news/2018/12/31/uk-regulators-probe-18-crypto-firms-for-fraud-and-illegal-operations/

Recent research by the Wall Street Journal revealed that hundreds of cryptocurrency offerings showed signs of fraudulent activity, improbable returns and plagiarism.

https://cointelegraph.com/news/wsj-hundreds-of-crypto-projects-show-signs-of-plagiarism-fraud-and-improbable-returns

A man has pleaded guilty to four charges brought against him by the Financial Conduct Authority for defrauding investors out of approximately £600,000.

https://portfolio-adviser.com/man-pleads-guilty-to-600k-investment-fraud/

Cryptocurrency articles proliferate the headlines these days, but more often than not, the subject matter deals with victims and the losses they have sustained at the hands of clever conmen.

https://www.leaprate.com/experts/tom-cleveland/the-anatomy-of-an-initial-coin-offering-ico-fraud/