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Report the scam. If you feel you’ve been taken advantage of by an investment scam, contact your local banking institution to go over how to best protect and recover your personal finance ...
All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade...
Business Consulting International was a London-based investment company that collapsed after being exposed by a City of London Police investigation in 2008 as the United Kingdom's biggest ponzi scheme, estimated at £115 million. The business was set up and run by London-based Indian businessman Kautilya Nandan Pruthi, in partnership with ...
Mrs. K., a retired educator living in the downtown L.A. area, was shopping online for a car several weeks ago when she got reeled in. The scam began with a pop-up alert about a computer virus and ...
In January 2024, it was found that the man named as executive director of HyperVerse, Steven Reece Lewis, never existed. [ 4 ] [ 5 ] The company created content for investors stating that Reece Lewis graduated from the University of Leeds and the University of Cambridge , that he worked at Goldman Sachs , along with other notable experiences.
Mutual Benefits Corporation was a Ft. Lauderdale, Florida based investment sales company that operated a huge ponzi scheme selling viatical settlements, with investors losing an estimated $835 million. The principal ring leader of the scam was Joel Steinger.
The company's name 'SAC Capital' derived from Steven A Cohen's initials. [9] The company started trading with $25 million in 1992, grew its assets under management to $16 billion, and became the world's highest-returning hedge fund: SAC averaged annual returns of 30% net of fees under a 3% management fee and 50% performance fee from 1992 to 2013.
HyperVerse collected about $1.3 billion in 2022, the most that year of any alleged crypto scam, according to a report by the blockchain analysis firm Chainalysis.