To attract investors to invest in foreign exchange and international stocks, Pho Duc Nam's group used the trick of giving away exclusive investment books, creating many online groups, continuously showing off profits, and pledging to bring loss-making accounts to "shore"...
Talking to reporters , the director of analysis at a securities company said that tricks such as giving away investment books to get personal information, showing off profits or 100% loss coverage... are not new tricks to entice and entice.
Still using many familiar tricks, but Pho Duc Nam set a record for the scale of international stock and foreign exchange fraud, perhaps because of the extremely "flashy" level that this person built on social networks.
According to information from the police, 2,661 victims have been identified and assets estimated at 5,200 billion VND have been seized in this fraud case.
Going to scam but Mr. Pips said he was impersonated to... scam
According to the reporter's investigation, Pho Duc Nam established a financial community named "Mr Pips Trading Chat Group" with tens of thousands of members. After Nam was arrested, these groups were no longer accessible.
Previously, to recruit more members to participate and invest money, Nam and his accomplices used tricks such as giving away exclusive documents in the form of "Ebooks" specializing in guiding stock investment from A to Z.
The listed price is up to 2.5 million VND but is free, making many people curious to register. After leaving personal information about full name, phone number, email..., Nam's staff will contact to invite investment.
The investigation conclusion also showed that the company in Nam's network did not register to operate in securities and finance but still recruited about 1,000 employees to operate in the field of foreign exchange and derivative securities trading.
To carry out the fraud, the subjects created and managed 5 websites including: Alpha.com, Gtmx.com, Btfx.com, Enzofx.com, Gkfx.com with English interfaces to create trust for customers. investor These are international, reputable exchanges.
However, in fact, these websites are all programmed, linked to bank accounts managed by the subjects; each of these trading floors is connected to the MetaTrader 4 and MetaTrader 5 applications, which are popular foreign exchange and stock trading platforms in the world .
In addition to hiring a team of staff to do massive telesales, Mr. Pips is famous for his wealth and luxury online, so many people also proactively contact this character directly.
After Pho Duc Nam's fraud case broke out, on forums, many people reflected that they knew Nam as an investment expert and often posted rich videos and images on TikTok and Facebook, so they were curious and wanted to be as successful.
In addition, to gain trust and affirm that he is not a scammer, Nam's social networking site also regularly warns investors about many people impersonating Mr. Pips to commit fraud. invest in virtual currency, stocks, forex...
Guaranteed profit, 100% loss guarantee - typical sign of fraud
The typical way that investment scammers often do is "show off wealth, profit, and cover losses". In the Mr. Pips case, the subjects also used this method.
"Long-term losing trades, gave my account to Pips to double it in just 1 day", a status line of Pho Duc Nam used to attract people.
Talk to PV , Mr. Dang Tran Phuc, Chairman of the Board of Directors of AzFin Vietnam, a financial and securities training company, said that investors need to be cautious before investment invitations with guaranteed profits.
Mr. Phuc also noticed that investment channels in Vietnam are not diverse, while the level of financial knowledge of the majority of people is still low. Therefore, promises of "guaranteeing losses" or "100% profit commitment" are still used by many people as a way to lure people.
According to Mr. Huynh Hoang Phuong - FIDT's asset management consultant, in addition to the lack of knowledge and greed leading to being scammed, the root of many recent scams also comes from the lack of investment channels, while bank interest rates are very low.
To avoid falling into a scam trap, experts recommend that investors check the legal documents of the company they intend to cooperate with for investment or trust, and the brokers (must have a practice certificate).
Raising investors' vigilance and carefully studying information when invited to invest in securities through stock exchanges to limit possible losses is still an important solution.
Source
Comment (0)