A man posed as a police officer in an attempt to scam a Watford victim A suspected fraudster who posed as a police officer in an attempt to scam a man has been arrested. The victim, from Watford, was asked to withdraw £2,000 and pass it to a courier after being misleadingly told that police were investigating criminal activity on their bank account. But after realising the withdrawal request was unusual while at the bank, the victim alerted police. Officers worked with the victim to lure the courier to the victim’s address, and the courier ran off once confronted by police.
Scam signs MORE than £3m was recovered by Greater Manchester Police (GMP) for victims of fraud last year. The force s economic crime unit focusses on getting money back for victims where they can, and words to educate the public on the latest scams, what to look out for and how to protect themselves and their hard-earned money. Towards the beginning of 2020 when the pandemic began, the team saw a rise in scams relating to the coronavirus so put out warnings on their Twitter account and used posters to signpost people to information. The hub also worked with supermarkets who were offering a delivery service to the most vulnerable, to include an information pack produced by GMP’s Economic Crime and Cyber Unit, in customer s deliveries.
Quick Take
Wirex will not include XRP in a US version of the app when it launches in January.
Ziglu has decided to suspend XRP trading as of January 12
A handful of crypto wallet firms in the UK are contemplating whether to prevent millions of customers from trading XRP.
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Crypto Fund Virgil Capital LLC Charged by SEC for Fraud, SEC Obtains Emergency Asset Freeze
Virgil Capital LLC, directed by
Stefan Qin, and its “flagship” cryptocurrency trading fund,
Virgil Sigma Fund LP have been hit by fraud charges leveled by the US
Securities and Exchange Commission (SEC). Simultaneously, the SEC has obtained an emergency asset freeze related to the charges, according to a public statement.
The SEC’s complaint states that Qin and his entities have been defrauding investors in the Sigma Fund since at least 2018 by making material misrepresentations about the fund’s strategy, assets, and financial condition. The SEC alleges that the defendants misled investors to believe their money was being used solely for cryptocurrency trading based on a proprietary algorithm, while Qin and the entities used investment proceeds for personal purposes or for other undisclosed high-risk investments.
SEC Chief of Staff Sean Memon Announces Plans to Conclude Tenure
Washington, D.C. (Newsfile Corp. - December 23, 2020) - The Securities and Exchange Commission today announced that Sean Memon will conclude his tenure as the agency s Chief of Staff in January 2021.
Mr. Memon joined the SEC as Deputy Chief of Staff in May 2017 and was named Chief of Staff in June 2019. As Chief of Staff, Mr. Memon served as principal advisor to Chairman Clayton on legal, policy and management matters affecting each aspect of the agency s mission, including rulemaking, enforcement, examinations and internal agency operations. Often representing the SEC in interagency policy initiatives, Mr. Memon worked closely with cross-divisional teams within the SEC and with other federal agencies and international bodies, including the Department of the Treasury, the Federal Reserve, the CFTC, the FDIC, and the OCC as well as the Financial Stability Oversight Council and Financial Stability Board. Mr. Memon play