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Shocking crypto scam costing investors hundreds of thousands

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A warning has been issued to people looking to make fast cash through crypto as the rising cost of living continues to stretch budgets

Authorities are wanting crypto investors to be on the lookout, with a growing number of investment scam complaints being received by Federal authorities.

The services says many of the complaints involve dodgy cryptocurrency services.

How it works

The scams involve unsuspecting investors being persuaded to buy crypto through an intermediary and then sending money to what they believe is a genuine investment platform.

But it’s too good to be true.

The “genuine” platforms are being run by fraudsters, and they’re stealing hundreds of thousands of dollars from unsuspecting investors.

Rising cost of scams

The ombudsman warns about examples of customers being scammed out of tens or even hundreds of thousands of dollars in the UK alone.

We are concerned that, in current economic circumstances, people could be tempted to invest in fake investments,” says Nausicaa Delfas, interim chief executive and chief ombudsman at the FOS.

“Our advice to consumers is be wary, conduct their own research, check the FCA register and contact the firm directly on the number listed.”

“If people feel they have been treated unfairly by their bank, they should contact the Financial Ombudsman Service, and we will see whether we can help.”

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Business

Disney’s Drama

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What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

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The Tech Market Crash

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Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

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Shell delivers record 2022 profit

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Petrol company Shell has delivered a record $40 billion profit in 2022

It comes on the back of surging energy prices, and the war in Ukraine.

The company also reported a fourth-quarter profit of almost $10 billion, beating estimates.

The $40 billon in annual profit soared past the previous record of $31 billion in 2008.

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