The alleged scam raised an estimated $5billion throughout the world and it is believed some 70,000 people in the UK have been left out-of-pocket after signing up to OneCoin packages. Prosecutors claim he also spent some of the fraud’s proceeds on a yacht, three houses and a Ferrari sportscar. Mr Scott […]
Finance
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FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United States, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – Three U.S. financial regulators on Friday issued a warning to firms with registered digital assets that they have an obligation […]
Libra is a blockchain digital currency planned to be launched next year. Facebook plans to let its nearly two billion users to pay and send digital cash using Libra, combined with a digital wallet called Calibra. The social network’s aim appears to be to use the AI to power customer service […]
FILE PHOTO: Swedbank signs are seen on the bank’s Latvian head office in Riga, Latvia, April 9, 2019. REUTERS/Ints Kalnins STOCKHOLM (Reuters) – The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it […]
The Silicon Valley billionaire also claimed cryptocurrency is a “far better way” to transfer value than cash. Elon Musk made the comments back in February, during a podcast interview with ARK Invest on electric vehicles and self-driving cars. Musk said: “Paper money is going away and crypto is a far […]
FILE PHOTO: The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday, citing seven people it […]
Finance watchdog the Financial Conduct Authority (FCA) has issued a warning about crooks targeting people in the UK while claiming to be regulated financial companies soliciting cash for a non-existent investment. The crypto crooks say they are representatives of ICAP Crypto, a ‘clone firm’ of the legitimate, FCA-regulated ICAP – which […]
As the Brexit crisis continues, the prospects of a UK general election are looking increasingly likely but first up are next week’s local council elections – and Labour is predicted to net big wins. The Sunday Times says the Conservative Party could lose as many as 1,000 seats while Labour […]