Nowadays, with the vigorous development of network technology, the fraud channels of scammers have kept pace with the times, and have all moved from offline to online. Through online social software, phone messages, web pages and other channels, we promote investment and financial management information such as foreign exchange, futures, stocks, and virtual currencies, attracting the attention of more investors.
With customers in hand, each fraud gang begins to "flex their muscles" and use different fraud tactics to deceive investors. In addition to claiming "guaranteed capital and high interest rates," scammers also like to create so-called "master" personas to induce investors to download the source of their information. Unknown and fake foreign exchange APP guides investors to operate by recommending stocks and releasing insider information. As long as investors follow the orders, they will eventually lose all their principal; "The model deceives investors' emotions and then "kills the pig".
Although these tricks are very common in foreign exchange fraud, and they always succeed, on the one hand, because today's scammers always use some small profits to gain the trust of investors, so as to invest larger amounts of funds; on the other hand, most of them are The deceived investors are actually very unfamiliar with investment and financial management and cannot identify the risks involved.
How to identify fake foreign exchange scams? Today, Tianyan will list several different types of foreign exchange fraud cases exposed by the public security media, hoping to help investors quickly identify fraud schemes and protect their "money bags"!
1. “Investment Master”
In July 2015, Chongqing Liangjiang Police received a report from Ms. Ju who lived in Yubei, Chongqing, saying that under the guidance of a so-called foreign exchange expert, she frequently bought and sold on a foreign exchange trading platform and lost 600,000 yuan.
After receiving the report, the police immediately launched investigation work. The police traveled to Shanghai, Jiangsu, Zhejiang and other places to inquire about the transaction details of nearly a thousand bank cards and the operations of fraudulent companies. They initially found out that the two companies used their own internal trading platforms to speculate in foreign exchange. Through salespeople using social software such as the QQ group for stock trading, they engage in false foreign exchange transactions on the platform, which is suspected of fraud.
After scammers add friends through QQ, they will release some knowledge about foreign exchange speculation and foreign exchange to investors, or some screenshots of other people making money by speculating in foreign exchange. When investors are interested, they will be recruited into the group to carry out orders. If investors invest a small amount of money to try, scammers will first use "fishing" methods to trick them into investing a larger amount of money. But once you invest more, you will start to lose money.
In this way, the victim, Mr. Ma, invested a total of 1.4 million yuan in so-called "foreign exchange speculation". By the time the police seized the platform, Mr. Ma had already lost more than 400,000 yuan on his account. But in fact, the customer's money never entered the market at all. The buying and selling were just false transactions simulated by the computer program, and all the money went into the pockets of the scammers.
According to the police, the case involved
Single Ms. Tian met a man on an online dating platform. The man was handsome and well-spoken. The two chatted happily, and during the long exchange, Ms. Tian developed a liking for this man. After that, the man said that he often speculated in foreign exchange and that he could make a lot of money by studying this. He began to encourage Ms. Tian to operate with him, saying that it was for the sake of their future.
The unsuspecting Ms. Tian downloaded the software and started operating it under the guidance of the man, depositing 300,000 yuan in one step or another. When Ms. Tian wanted to withdraw cash, she found that she could not withdraw it at all. When she asked the man again, she found that she had been blocked. Only then did Ms. Tian realize that she had been deceived, so she went to the Public Security Bureau to call the police.
Scammers often win the favor of their victims through sweet talk or solicitousness, and then recommend to the victims fake foreign exchange platforms that are so-called "guaranteed profits, low costs, high profits and high returns". Once the victim invests a large amount of money, the scammer will blackmail them. This kind of fraud starts from "love at first sight" or "love at first sight" or "love for a long time" in online dating, and continues until the victim goes bankrupt or even bears huge debts. This is the so-called "pig killing plate" fraud.
4. “Download apps from unknown sources”
In March 2021, Ms. Li became a WeChat friend, who said she was a business partner with intention to cooperate. After adding her as a friend, the other party chatted with Ms. Li very warmly, checking in with her from time to time to build a closer relationship. While chatting, the two of them talked about investing in foreign exchange, and the other party recommended the "Wells Fargo International" investment foreign exchange site to Ms. Li.
Under the "guidance" of the other party, Ms. Li downloaded the so-called foreign exchange investment APP and registered and made a deposit. Later, under the guidance of netizens, Ms. Li quickly earned 1,000 yuan. When she wanted to withdraw cash, the platform customer service informed her that the platform would send cash if the account balance reached a certain limit. Believing it to be true, Ms. Li gave up the withdrawal and continued to add money for investment. Not long after, Ms. Li applied for cash withdrawal again, but her account was frozen for various reasons and she needed to pay additional unfreezing fees. After recharging and unfreezing several times, Ms. Li still did not receive any cash withdrawals. Only then did she realize that she had been cheated and reported the case to the public security agency.
Like the informal foreign exchange trading APPs used by Ms. Li, these APPs may have simple and rough functions. It is easy for technical criminal gangs to package them into a website involved in the case and make them into APPs, and the cost is relatively low. Therefore, when choosing a foreign exchange platform, you should choose a formal financial institution or platform for investment and financial management activities to avoid unnecessary losses caused by small losses and large losses.
Summarize
Nowadays, fraudsters are also targeting the elderly in an attempt to defraud them of their life savings. It can be seen that these fraud gangs have no moral bottom line at all, so investors must remain vigilant when choosing financial investments, carefully identify the authenticity of the investment platform, and do not blindly follow the trend.
