Jack Lau transferred nearly AU$63,000 (US$49,000) to two online financial trading platforms. She eventually suspected something was amiss when one account showed trades she didn’t authorize. A week after a final $16,500 wire transfer in early December to a trading platform called Millennium-FX, Lau was told all of the money had been lost. Financial institutions and regulators attempt to keep up with internet-based schemes, flagging suspect companies and bank account numbers. The sheer number of schemes and the ease with which new ones can be spun up pose deep challenges.”]
Source: https://www.bankinfosecurity.com/how-63k-was-lost-in-week-on-online-trading-website-a-10697