Investment Scams
Coverage of Investment Scams in the Nexus archive.
- Private firm employees lose ₹2.6 crore in separate investment scams
Private firm employees lost ₹2.6 crore in separate investment scams. The incidents involved fraudulent investment schemes targeting the employees.
- How scammers build a profile on you using data brokers
The article explains how scammers exploit data broker sites like Spokeo and Whitepages to build detailed profiles on individuals, using publicly available personal information such as addresses, family details, and financial data to target victims with scams. These profiles enable criminals to craft personalized, convincing scams by cross-referencing multiple data sources and public records.
- Identity theft losses surge 70% for older Americans
The FBI's 2025 internet crime report reveals a 70% surge in identity theft losses for Americans aged 60 and older, totaling $48.5 million. Older adults face higher losses due to fraud targeting bank accounts, retirement funds, and investments, while other scams like investment fraud and business email compromise caused billions in losses globally.
- FBI: Americans lost a record $21 billion to cybercrime last year
The FBI reported that U.S. victims lost a record $21 billion to cyber-enabled crimes last year. The primary sources of loss include investment scams, business email compromise, tech support fraud, and data breaches.