SEC Charges Multiple Entities in Fraud Schemes Totaling at Least $15 Million That Used WhatsApp and Other Platforms to Lure Investors
Reported by SEC (Originally published via: https://www.sec.gov/newsroom/press-releases/2026-95-sec-charges-multiple-entities-fraud-schemes-totaling-least-15-million-used-whatsapp-other-platforms) The Securities and Exchange Commission today charged multiple entities that are likely operated by individuals located overseas for defrauding hundreds of retail investors, including many in the U.S., through so-called investment confidence scams where the perpetrators sought to build online relationships with unsuspecting clients before stealing their money. […]