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Nationally, people over the age of 60 suffered more than $3.4 billion financial losses due to scams, an 11% increase in reported losses over 2022, according to FBI stats. Complaints filed by ...
Losses from cryptocurrency-related frauds and scams increased 45% in 2023 from 2022, totaling more than $5.6 billion, as scammers increasingly took advantage of the speed and irreversibility of ...
South Carolina saw a 34.4% increase in fraud losses from 2022 to 2023. In the first 9 months of 2022, residents lost $60 million to fraud — that jumped to $80.5 million in 2023.
The largest instance of securities fraud committed by an individual ever is a Ponzi scheme operated by former NASDAQ chairman Bernard Madoff, which caused up to an estimated $64.8 billion in losses depending on which method is used to calculate the losses prior to its collapse.
The following contains a list of trading losses of the equivalent of US$100 million or higher. Trading losses are the amount of principal losses in an account. [ 1 ] Because of the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public.
In 2023, Zelle said in its defense, the company saw a 27% increase in transaction volume but reports of scams and fraud decreased by nearly 50%. Some 99.95% of payments were sent without reports ...
The U.S. Securities and Exchange Commission (SEC) has said that "these fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' (HYIP's) The fraud artists ... seek to mislead investors by suggesting ...
Greisman said the losses were primarily due to investment scams involving cryptocurrency. According to the commission's data, there was $37.9 million lost to fraud in Mississippi last year with ...