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SEC Charges Multiple Individuals and Entities in Relationship Investment Scams

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Schemers allegedly used WhatsApp, LinkedIn, and Instagram to lure investors to fake crypto asset trading platforms before stealing their money

the staff of the Ridgewood blog

Glen Rock NJ, the Securities and Exchange Commission today charged five entities and three individuals in connection with two relationship investment scams involving fake crypto asset trading platforms NanoBit and CoinW6, respectively. The SEC’s two complaints allege that the defendants solicited investors via social media apps, lied to them to gain their trust and confidence, and then stole their money. These charges are the SEC’s first enforcement actions alleging these types of scams.

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LinkedIn Suffers “Technical difficulties”

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the staff of the Ridgewood blog

Ridgewood NJ, first it was AT&T, then Meta ,now LinkedIn goes down. LinkedIn, the professional networking platform, encountered technical difficulties this week, joining a list of internet sites facing similar issues.

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FBI Calls Crypto Investment fraud on LinkedIn a ‘significant threat’ to the Platform and Consumers

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the staff of the Ridgewood blog

Ridgewood NJ, according to Sean Ragan, the FBI’s special agent in charge of the San Francisco and Sacramento, California, field offices,  fraudsters exploit LinkedIn to lure users into cryptocurrency investment schemes pose a “significant threat” to the platform and consumers .

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NJ Bureau of Securities Orders Investment Scam Companies Targeting LinkedIn Users to Cease and Desist

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the staff of the Ridgewood blog

Ridgewood NJ,  As cybercriminals continue to find new ways to cash in on increased online traffic during the COVID-19 pandemic, the Bureau of Securities (“the Bureau”) within the Division of Consumer Affairs took emergency action today to stop an online investment scheme targeting users of the professional networking site LinkedIn. The Bureau urges New Jersey residents to beware of “investment opportunities” being offered on social networking and dating websites.

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