Compliance & Anti-Financial Crime
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Asia-Pacific, Banking, Crypto, Financial Services

Australian investment and crypto fraud scheme sees millions vanish from the pockets of small investors, investigation finds

Millions of dollars are estimated to have “disappeared” in a network of cryptocurrency scams that saw victims lured into false investments.

The scheme involved British financial criminals operating in Australia, taking advantage of the country’s comparatively weaker rules around crypto and search engine manipulation, the Australian Financial Review (AFR) reported Friday.

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