A Toronto-based fraudster has been sentenced to 56 months in a U.S. prison for orchestrating a diamond investment scam that defrauded over 200 victims of more than $21 million. Many of the victims were seniors who were misled through phone calls. The case highlights the ongoing issue of investment fraud, particularly targeting vulnerable populations. In a separate incident, five individuals in Austria were sentenced for their involvement in a $21.6 million crypto scam that affected over 40,000 investors. The scammers lived lavish lifestyles funded by their fraudulent activities, spending on luxury items such as private jets and high-end cars. Additionally, a group of 20 scammers was implicated in a €28 million crypto-diamond heist, deceiving approximately 1,300 victims, including professional football clubs that mistakenly sent salaries to fraudulent wallets. These cases underline the growing prevalence of financial scams in both traditional and digital investment spaces.