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Meta Deliberately Profiting From Scam Ads

Facebook & Instagram deliberately profiting from scam ads targeting UK consumers

Investing, Scams / By

I’ve been saying for years that Meta, the owner of Facebook and Instagram, is knowingly profiting from fraudulent advertising, including fake investment ads that impersonate trusted financial brands, and now there is proof, according to internal documents revealed by Reuters. The Reuters exposé shows that Meta internally projected around 10% of its 2024 revenue, roughly […]

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Avoiding Pension Scams

Pension Scams: How To Spot, Avoid and Report Them

Investing, Scams / By

Britons are still losing millions of pounds to pension scams each year, despite tough new anti-fraud rules that have slowed transfers and frustrated savers. Fresh analysis shows that while the number of reported pension scam cases has fallen since 2021, the average amount lost per victim has more than trebled, sparking concern that determined fraudsters

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Instagram Trading Scams

Instagram trading scams worse since Meta stopped fact-checking

Scams, Trading / By

My Instagram feed is getting worse, litterally every other post is a trading scam advert. When browsing through Instagram it is completely evident that there is zero control over what is posted, portrayed and promoted for potential traders. Every single post looks like a get-rich-quick scam with supercars, champagne and “lifestyle” finfluencer traders seemingly making

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Honeymoon Exchange Rates

How to avoid getting ripped off by rogue currency broker honeymoon exchange rates

Leave a Comment / Currency Transfers, Scams / By

One of the main issues with doing a large currency transfer is that it’s a one-off transaction that you probably haven’t done before, and you probably won’t do again. Unless you are a CFO managing corporate FX, this may well be a nerve-racking experience. I spent 5 years as a prime broker to currency brokers

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FCA Warns on Investment Clone Scams

FCA Warns on Investment Clones and Issues 29 Warnings in 7 days

News, Scams / By

The FCA has highlighted the dangers of investment clone scams and has issued 29 new FCA warnings to unauthorised and clone firms in the last 7 days. Investment clone scams are particularly dangerous as they almost perfectly replicate real websites and brands. Even the Financial Conduct Authority has had it’s own FCA register cloned by

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FCA finally flexing and fining Finfluencers for promoting scams

Leave a Comment / News, Scams / By

The FCA has finally done something about trading scams being promoted on Instagram. Emmanuel Nwanze who controlled the @holly_fxtrends Instagram account along with Holly Thompson are being charged with running an unauthorised investment scheme and issuing unauthorised financial promotions. A raft of Love Island stars are also being charged as the FCA also alleges that

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Social Media Financial Scams

UK Investors Lose £75 Million To Financial Scams On Social Media

Investing, Scams / By

We submitted a Freedom of Information request to the police and action fraud to find out the true losses of how bad reported investing and financial scams have become on Facebook, TikTok, Instagram, LinkedIn, Twitter and Youtube. What is terrifying about this is, that it’s not just scammy and spammy posts by individuals, it’s adverts

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