Scam-I-am and faking it with the FMA

Scam-I-am and faking it with the FMA
The FMA's director of investment management, Paul Gregory. (Image: Supplied)
David Chaplin
Fake regulator scams fell 50% year-on-year for the 12 months ending June 30, 2022, according to the just-released Financial Markets Authority annual report.The dramatic decline in faux-regulator crime came amid better news for professional fraudsters in the Financial Markets Authority (FMA) data that shows a broad increase in financial scammery.“Since the start of covid-19, we have seen a spike in investment scam complaints, particularly related to social media contact scams, romance-investment hybrid scams, and imposter websites,”...

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