Investors hoping to coin it with promises of returns of as much as 200% on their investment in just three years, are learning the hard way that if it sounds way too good to be true, it is just that.

The latest company “showing hallmarks of a Ponzi scheme” is Coin It Trading, according to Brandon Topham, director of investigations and enforcement at the Financial Sector Conduct Authority (FSCA)...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now