…. another £6 million lost by investors This is money today reported that a British businessman dubbed the ‘bling king’ is being investigated for money laundering and fraud after expats lost up to £6 million by investing in his companies. Money Mail has spoken to a number of residents on the Costa del Sol who […]
The UK’s Action Fraud revealed that it received 203 reports of cryptocurrency scams in the first two months of the summer. Between June and July 2018, victims collectively lost just over £2 million, an average of £10,096 per person. Action Fraud, the UK’s national fraud and cybercrime reporting centre, warned that the surge in popularity […]
A man from Glasgow placed on FBI’s ‘most wanted’ list James Alexander Ward, 65 has been on the run for six years after being accused of ripping off victims in a precious metals fraud scheme in Fort Lauderdale, Florida. Ward, also uses the name Jamie, regularly dyes his red hair and uses aliases. He is […]
All major retail banks are aware of the payment redirection scam and you should be too. Payment redirection is a scam where you’re typically sent an email asking you to set up a payment to a new account or to amend existing account details. The successful ones almost always come from a supplier or contractor […]
Reported widely by BBC News this morning is a new TV advert from the Financial Conduct Authority and the Pensions Regulator warning of the huge increase in Pension Scams. With a shocking average loss of £91,000 per victim, you can understand why the regulator is worried and why it still proliferates.
Although IYE Global was formed recently our investigators have significant international experience in criminal investigation. A case recently concluded, followed a two-year investigation involving fraud across three continents. IYE working closely with the FBI and others have been instrumental in bringing two more criminals to justice.
We have covered a few fraud cases in the IYE Global blog posts and also covered the targeting of professional sportsmen and women by fraudsters as they are seen as cash rich. One area we have not yet covered is the devastating impact this can have on the mental health of the victims. This can […]
The Times today reports further details of the picture emerging of the Beaufort Securities scandal. As they report, as City scandals go, the collapse of Beaufort Securities was a humdinger. Having been shut down by the financial conduct authority in March 2018, it was reported just hours later the London-based stockbroker was under criminal indictment […]
A very good article in This is Money yesterday highlighted something we come across at IYE Global a lot. Most investors are aware that if they stay below the Financial Services Compensation Scheme threshold – currently £85,000 per bank – their savings are protected.But what about other investments, indeed, what about your pension which can […]
TailorMade Independent (TMI) was an unregulated company based in Cheshire and run by Alistair Burns who was fined and banned by the Financial Conduct Authority back in December 2016 for failure to provide suitable advice to clients and for failing to ensure effective management of conflicts of interest. As of 25 April 2018, the Financial […]
