As the returns from Bitcoin and other cryptocurrencies hit stratospheric levels, scamsters have crawled out of the woodwork to take advantage, as the lure of big profits makes people less cautious and more willing to hand over their money without doing their homework.
Tag - scam
In many cases the only people who make money out of expensive trading software are those selling the software, not those using it.
If you are one of the many people in South Africa attracted by the supposed riches available in forex trading, you need to be extremely careful about losing your money to scammers.
Complaints about Forex trading company Profit Trading
As access to banking services through digital channels continues to grow, so does the need to protect consumers against the prevalence of online banking fraud.
“I really never thought it would happen to me," says Tammy about her experience of being fleeced to the tune of hundreds of thousands of rands in a Ponzi scheme.
There is a big difference between knowingly investing in a high-risk technology business and being sold misinformation.
Insiders have raised the alarm over the business practices of AllQuotes and BuyDirect, online businesses which sell “licenses” to individuals who then participate in the revenue generated from these sites.
There are many fraudsters pretending to be credit providers and asking for money upfront, only to disappear once they have your money.
When looking at investment opportunities, it isn’t always that easy to separate out the sizzle from the steak. What do Bernie Madoff, Barry Tannenbaum and Sharemax have in common? They started as credible organisations run by known people – people who also knew how to create allure and marketing buzz – SIZZZLE. And they all had an emotional...