Published by CryptoLiveHelp 2 November 2026
fraudulent initiatives that take advantage of the coronavirus pandemic: a source record attributed to Commissione Nazionale per le Società e la Borsa in Italy. Check the exact identity and linked source finding.
Identity and source
- Name in source
- fraudulent initiatives that take advantage of the coronavirus pandemic
- Source authority
- Commissione Nazionale per le Società e la Borsa
- Jurisdiction
- Italy
- Source category
- Other
- Source validation date
- 2020-04-17
- Source modification date
- 2020-04-17
- Additional source information
- Consob points out that the dramatic news about virus outbreaks can be an opportunity for malicious people to spread false or misleading information to take unfair advantage of pandemic fears and try to manipulate financial markets and investors. In particular, savers are warned against out-and-out attempts at fraud, mainly through the Internet, offering fictitious products that are somehow apparently linked to the coronavirus (Covid-19). These scams take many forms and could
involve, among other things, the offer – through promotional material and fake news – of nonexistent stocks or bonds of phantom companies that are supposedly taking initiatives to contain or cure the coronavirus, or the offer of various high-yield investment opportunities,
including investments in presumed virtual currencies linked to the spread of viral contagion (such as "Coronacoin”).
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