Recently, the Public Security Bureau of Kailu County in Inner Mongolia has cracked an investment fraud case, arrested 3 suspects and recovered all the losses of 120,000 yuan for the victim, Mr. Li.

In the first half of last year, Mr. Li entered a currency trading platform called "vstone" investment, a total of 120,000 gold in the platform. The result was not only no profit, but the platform ran away without taking a single point of principal.

In desperation, Mr. Li had to report to the local public security bureau.

After receiving Mr. Li's report, the Kailu County Public Security Bureau determined that the funds were first transferred to a shell company in Wuhan in two batches according to the flow of his 120,000 yuan, and then laundered through a third-party payment company in Shanghai before being realized in Quanzhou, Zhangzhou and other places in Fujian.

After that, the police locked and arrested three suspects, Lin, Zou and Chen, and the case is currently under trial.

The vstone platform and the regular dealer WistonFX both homophonic, the name is also very similar, for novice investors like Mr. Li, can achieve the purpose of confusion.

Impersonating or cloning formal trading platforms is one of the usual tricks of black platforms. Many fake platforms are not as rough as "copycat" products, but are almost the same as the real official website, and many times there is only a letter or character difference between the two, making it difficult to distinguish. It is recommended for novice traders to check the compliance of the platform on FX110 before investing money!