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Regulation

SEC Settles with $10 Million Boiler Room Scam Perpetrators

  • The regulator settled with 5 out of 13 people involved in the scam.
Tuesday, 22/09/2020 | 09:38 GMT by Arnab Shome
Regulation

Leader of $3.6 Million Boiler Room Scam Sentenced to 11 Years' Imprisonment

  • In a separate prosecution, Michael Nascimento was sentenced to an additional two years, making his total sentence 13 years
Monday, 17/09/2018 | 10:02 GMT by Celeste Skinner
Regulation

Belgium’s FSMA Warns Against Six New Boiler Room Scams

  • Six new boiler room scams have been added to the FSMA's warning list of unauthorized service providers.
Wednesday, 07/06/2017 | 13:45 GMT by Jeff Patterson
Regulation

Dutch AFM Reports Number of Boiler Rooms in 2016 Has Doubled

  • The Dutch' watchdog has reported an increase in boiler rooms compared with 2015 and warned of four further firms.
Monday, 16/01/2017 | 14:03 GMT by Finance Magnates Staff
Regulation

Dutch AFM Warns Against Monex BMO Securities

  • The Netherland’s financial watchdog has red-flagged the online brokerage as a suspected boiler-room scam.
Thursday, 03/11/2016 | 10:31 GMT by Finance Magnates Staff
Regulation

FINRA Publishes Guide on How to Detect a Boiler Room Scam

  • The Financial Industry Regulatory Authority has issued an Investor Alert about boiler room scams following numerous complaints.
Thursday, 04/08/2016 | 15:09 GMT by Finance Magnates Staff
Regulation

Four US Fraudsters Jailed Over Gold Scam Linked to Spain-Based Boiler Room

  • City of London Police announce the four sentenced in Florida over gold scam.
Wednesday, 25/05/2016 | 13:22 GMT by Steven Hatzakis
Regulation

UK Boiler-Room Fraudster Jailed After Swindling Nearly £1m

  • Joseph Emery has pled guilty to fraud by false representation, related to 950,000 GBP that he stole from investors.
Wednesday, 17/02/2016 | 18:06 GMT by Steven Hatzakis
Regulation

Organized Crime Group in UK Dealing with Share Fraud Jailed

  • The scheme was executed from Palma de Mallorca in Spain, targeting UK clients and stripping them of £3 million
Friday, 29/05/2015 | 11:45 GMT by Victor Golovtchenko
Regulation

FBI Arrests American FX Trading Firm CEO for Running a Ponzi Scheme

  • Stafford Maxwell often assured investors that they would earn an annualized rate of return on from approximately 48% to 72%!
Sunday, 05/04/2015 | 19:03 GMT by Avi Mizrahi
Analysis

Fraud Alert: Belgium FSMA Warns against a New Breed of Forex Scams

  • Fake lawyers, accountants and financial advisors are claiming that they are somehow able to recover deposits of clients who have lost money in trading forex and off exchange binary options contracts.
Monday, 16/03/2015 | 17:41 GMT by Victor Golovtchenko
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