Despite the Summer holidays being in full swing, it was a busy week in the Finance Magnates newsroom. Let’s take a look back at the news stories that dominated the worlds of forex, fintech, and crypto, in our best of the week segment
Former Manchester United Player Charged with Crypto Money Laundering
Whilst much of the football world is lauding the return of Cristiano Ronaldo to Manchester United, a former teammate of his not faring so well.
Anderson, a former Brazilian football team and Manchester United Player, has been charged for allegedly being involved in a crypto money-laundering scheme.
According to Globo, the retired midfielder was investigated by a court in Brazil after suspicions of his participation with seven other people on a R$35 million ($6.5 million) money-laundering operation via cryptocurrencies.
Read more on the Anderson crypto money laundering charges here.
Australians Lose More than $70 Million to Investment Scams in H1 2021
They call Australia the lucky country, but when it comes to investment scams Australians don’t appear to be so lucky.
Australian Competition and Consumer Commission (ACCC), a competition regulator in Australia, recently published a report about the bogus investment opportunities in Australia and highlighted an alarming surge in the overall losses due to the investment scams.
According to the report, residents of Australia lost over $70 million to fraudulent investment schemes during the first half of 2021. Data from Scamwatch