Google is taking steps to curb online scam after an investigation by The Times

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Scammers are paying Google tens of millions of dollars to promote high risk or even openly fraudulent investment schemes, an investigation by the Times reveals.

Google said it will launch a thorough investigation on the allegations and will double check all financial websites that are allowed to use its ads service.

Many of the websites in question claim to be licensed and authorized by the Financial Conduct Authority (FCA) in the UK or by some other official financial regulator, as well as to participate in a client compensation schemes.

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