Recently ushered in a piece of good news, September 16, Shijiazhuang Public Security Bureau Qiaoxi Branch economic investigation brigade announced that the amount of up to 150 million yuan Volk organized and led the pyramid selling activities of the main suspect Wu was arrested.

Speaking of Volcker, whose full name is WALKERT Volcker, the platform was checked on Forex Skyeye, which has a rating of 1.45 and a status of abscond. After investigation, since its establishment in 2014, the Volcker platform has violated the relevant regulations of the national Internet financial management, in the name of speculation on foreign exchange investment and financial management, claiming that there are financial experts operating for customers, promising to guarantee the profit of no less than 5% per month, requiring customers to introduce others to invest, determine the relationship between superiors and subordinates through the recommendation code, and pay dividends according to the level.

The suspect Wu, as the person in charge of the Shijiazhuang Service Department, developed more than 500 people, involving 150 million yuan.

Case review: (The following related content is from Yanzhao Evening News)

After Volker ran away, Yanzhao Evening News, one of the most influential newspapers in Hebei, reported the fraud of Volker's foreign exchange platform in a large number of words.

According to investors, Volcker is a UK-based foreign exchange platform with a China office in Shenzhen, called Shenzhen Englander Volcker Asset Management Co. However, at present, many investors have found that the money on the account has become negative, and the so-called headquarters of "Shenzhen British Volk Asset Management Co., Ltd." also shows "abnormal operation." On the afternoon of September 12, 2017, Yanzhao Evening News found the 21st floor and 22nd floor of the Platinum Residence on Guang 'an Street, Volker's office in Shijiazhuang, and found that the doors of the two offices were closed and no one was working. At the door of the office on the 21st floor, there is a notice of the property company asking for the payment of property fees.

Volcker Forex has claimed that it is part of Walkert Alliance Ltd, a British financial company that claims to be over 100 years old. However, the British Financial Conduct Authority (FCA) website did not search for any regulatory information, it is clear that this is a licensing company. Subsequently, Volcker Forex claimed to have a license from the Estonian Financial Supervisory Authority. For such a small country as Estonia, there is virtually no regulatory force in the retail forex sector.

After July 21, Volcker Foreign Exchange suspended customer withdrawals, citing Volcker's request for temporary withdrawals. Last week, Volcker gave the reason for not being able to withdraw cash because of system upgrades, and this week gave the reason that it needs to network with relevant state departments, and it will take September to resume withdrawals.

On August 10, Volcker explained that the reason for the inability to withdraw money was "system maintenance and docking with third-party Internet payment platforms regulated by the state."

On August 19, Volcker's management informed that "the company's servers are being fully upgraded."

On August 24, Volcker again issued a notice saying that "the system has been hacked" and released a video of the attack.

On August 31, a company named "British Volcker Group" suddenly issued a "Note on China's" Volcker "Foreign exchange", saying that there are criminals in China under the name of the British Volcker Group to carry out fraud and engage in illegal fund-raising activities, and disavow the UK Volcker Group and China Volcker Foreign Exchange have no relationship, and said that they will be prosecuted according to law.

In early September, Volcker Foreign Exchange came to a new notice, saying that "company executives are solving the current problem, please rest assured," saying that the market will soon get on track and usher in the Volcker outbreak.

In this way, Volcker, who clearly had problems in July, insisted on using various excuses to delay time, and when it was really too late to find a way to run. In fact, Volcker is a foreign exchange fund, whether it is a trading model or the so-called development of the line, are the characteristics of pyramid schemes. Don't make a big mistake because of the greed of the moment, from the Volcker incident, we can see that once the platform runs away, it takes several years to protect its rights, until now the leaders of Volcker were arrested, but when can investors get the money that was swallowed? Still need time to wait!