In recent years, due to the innovation of network technology, the Forex market has become the fastest growing area, many overseas Forex brokers report a continuous increase in new retail customers, and with the growth of the Forex market, Forex trading fraud has also been increasing. Therefore, in the case of numerous foreign exchange fraud, investors need to continuously improve their familiarity with the foreign exchange industry and reduce foreign exchange fraud.

Therefore, investors should learn to make reasonable use of professional foreign exchange media tools, such as foreign exchange eye for inquiries, and for those irregular foreign exchange investment guidance, there may be hidden bad intentions behind.

Recently, under the guidance of the criminal investigation detachment of the Chongqing Liangjiang New District Public Security Bureau, the police destroyed three fraud dens in Nanjing, Jiangsu, Hangzhou, Zhejiang, and Chongqing Liangjiang New District, successfully captured more than 350 people involved, recovered more than 91 million yuan of stolen goods, and more than 80% of the public funds that suffered from their gang fraud have been recovered by the police. So how does this fraud ring work? How can we avoid such scams?

Case review

It is reported that Ms. Zhang is inadvertently through the network to join a stock recommendation video chat group, in the group every day there are lecturers to recommend the stock market and stock market warfare, and interspersed to explain some foreign exchange knowledge, carefully answer her doubts.

At the beginning, Ms. Zhang only invested small amounts of money, and after finding profits, she gradually believed in it, and successively invested more than 1 million yuan in foreign exchange speculation. After a period of time, Ms. Zhang found that the platform could not log in, and the money invested could not be taken out, and she realized that she had been cheated.

After receiving the report from the masses, the Liangjiang New Area police immediately formed a task force to investigate according to the relevant information provided by the deceived masses. The police went to Shanghai, Jiangsu, Zhejiang and other places to inquire about the transaction details of nearly a thousand bank cards and the operation of the fraud company, and found out that the "Jiangsu company" and "Nanjing company" suspected of participating in the fraud used their own internal trading foreign exchange platform to develop customers for foreign exchange trading on the platform.

In fact, the customer's money does not enter the international market at all, buying and selling are just fake transactions simulated by computer programs, and the money goes into the pockets of the scammers. After mastering the basic structure of the personnel of the fraud company, the police went to Nanjing, Jiangsu Province, Hangzhou, Zhejiang Province, and concentrated the net on three fraud dens, captured more than 350 people involved, recovered more than 91 million yuan of stolen goods, and more than 80% of the cheated funds of the damaged masses have been recovered by the police.

After the court hearing, the police immediately started the process of returning the funds and returning the cash involved. Due to the distribution of deceived people, a large number of personnel, the existence of phone numbers, address changes, etc., in all the task force police through the Internet, telephone, local public security organs to assist and other ways to find the victim to return the cheated funds. So far, nearly 60 million yuan has been returned.

So how to avoid this scam?

Let's start with the analysis, generally speaking, this kind of fraud gang methods are the same. First, the gang has a clear division of labor and is well-organized, and according to the fraud process, it will be divided into different gangs such as operation, technology, and lecturers to teach investors by means of live broadcasting or group construction, and the lecturers' gang will help investors make small profits to deepen trust through the so-called "accurate prediction". After investors make large investments, criminal gangs defraud money by modifying data to create the illusion of investment damage, and quickly close the platform and empty the data after making profits.

First of all, technical gangs will use overseas servers in advance to build fake investment platforms and network broadcast rooms, lower-level agents to buy or rent a number of wechat accounts, so that their employees regularly update these wechat circle of friends information, in order to disguise themselves as lecturers, lecturer assistants and other investors and other roles, increase credibility, and then use these wechat to form multiple crime groups. And then by a special person through a variety of channels to buy accurate shareholder information, so that sellers to friends invited into the group directly into these investors wechat pull into the crime group.

Then, after the investors enter the group, the agent will use the wechat posing as lecturers and assistants to send stock-related investment knowledge, so that investors think that this is an investment exchange group, and interact with the wechat posing as investors and the lecturer's wechat, taking ways such as chatting about stocks, explaining the market situation and praising the lecturer's level to give psychological suggestions to the victims and enhance the authority of the lecturer.

In fact, in the wechat groups used in these crimes, in addition to the victims, other group members are the suspects in disguise. Subsequently, the group will timely launch the lecturer's network broadcast room in the name of learning, listening to invited victims to join. At this point, the preparatory work for fraud has been completed. Next, the lecturer team continues to "brainwash" investors and lure investment.

In the early stage, this group of lecturers without formal qualifications will explain stock related content, and there are also roles in the broadcast room posing as customers to speak and tout the lecturer team. Lecturers in the early stages usually read from a script.

In the medium term, the lecturer said that the stock situation was not good, and the investment in foreign exchange made money quickly, and cooperated with the "tuo" of the broadcast room, and gradually lured the victim to the false foreign exchange trading platform to open an account for deposit.

Later, the lecturer doubled the market and other false news, constantly stimulate the victim to add gold, resulting in transactions. Only the victim and his own money are real in the whole broadcast room, and everything else is fake. The money transferred to the platform by the victim through the payment link provided by the platform ended up in the scammer's account.

Sum up

In short, in the end of such a scam, there will be investors who feel that they have only failed to invest and caused losses, and when they realize that, they have been kicked out of the group, and then the account has been erased.

Remind all forex traders to do their homework before investing, understand the relevant compliance information of the forex platform, and do not listen to the lecturer's voice!