By CCN: United Kingdom’s financial regulator, Financial Conduct Authority and the reporting center for scams and cybercrime, Action Fraud, have issued a warning following a surge in online Bitcoin and forex investment scams. Per the two bodies, Britons lost more than £27 million ($34.2 million) to fraudsters during the 2018/19 period. In 2018, reports on bitcoin and forex investment scams more than tripled to reach over 1,800 cases. The average loss for each victim during the 2018/19 period was £14,600 ($18,532). The scammers are employing social media platforms to promote these investment schemes. Typically, they are promising excessively high returns
The post Lambo-Lusting Britons Lose $34 Million to Forex and Bitcoin Investment Scams appeared first on CCN
source https://www.ccn.com/lambo-lusting-britons-lose-34-million-to-forex-bitcoin-investment-scams
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