US Edition
Investors Tricked Into Recruiting Others to Keep Fake Trading Platforms Alive, FSMA Warns
A rising number of fraudulent trading platforms are
trapping investors in pyramid-like schemes that promise quick and high returns
but ultimately lead to heavy losses and disappearing funds. The Financial Services and Markets Authority (FSMA)
has highlighted how these scams lure victims using deceptive tactics before
collapsing when the recruitment of new investors fails.How the Pyramid Scheme Works in Fake Trading PlatformsMany of these platfor…
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3 Articles
Investors Tricked Into Recruiting Others to Keep Fake Trading Platforms Alive, FSMA Warns
A rising number of fraudulent trading platforms are trapping investors in pyramid-like schemes that promise quick and high returns but ultimately lead to heavy losses and disappearing funds. The Financial Services and Markets Authority (FSMA) has highlighted how these scams lure victims using deceptive tactics before collapsing when the recruitment of new investors fails.How the Pyramid Scheme Works in Fake Trading PlatformsMany of these platfor…
The financial supervision BaFin warns against a whole series of almost identical websites. According to their findings, the operators offer financial or cryptovalue services there without permission.
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