Part-Time Massage Therapist Posed as Wall Street Elite, Scammed Shanghai Socialites Out of Over $2 Million with Fake "Futures Trading Tool"

China’s wealthy elite for a fraudster. In 2024, Feng Yu, a part-time massage therapist, adopted the alias “Feng Yucheng” and falsely claimed to have held senior positions at top-tier Wall Street investment banks. He targeted affluent individuals at high-e

OpenClaw Rollercoaster: A Financial Autopsy of an AI Bubble

colloquially dubbed Lobster—not only ignited a software frenzy but also unexpectedly fueled speculative trading in hardware markets. The Apple Mac mini M4 emerged as the biggest beneficiary. Sales surged by 300%, with secondhand prices jumping from RMB 2

Japan’s Pandemic Relief Scheme Exploited in $45 Million Fraud Scandal

ize businesses and protect jobs. But what was intended as a lifeline has now been exposed as a lucrative loophole—recently exploited in a massive fraud case involving 6.5 billion yen (approximately $45 million or RMB 300 million). According to Japanese me

Hun Manet Gives Rare Interview to Foreign Media, Refutes Claim That “GDP Relies on Scams”: Online Fraud Cut by Half

Cambodian Prime Minister Hun Manet recently gave a rare interview to international media in Brussels, the Belgian capital, strongly rejecting allegations that his country’s economy depends on scam industries and revealing the results of the government’s h

Gold Rush Gone Bad: Inside Shenzhen\\\'s $2 Billion "Jie Worui" Meltdown

When Gold Prices Soared, This Chinese Trading Platform Went Rogue—Leaving Thousands of Hong Kong Cross-Border Investors Holding the Bag

The FBI in the United States has seized a cross-border "pig killing disk" fraud website with a total amount of over 90 million US dollars

The Federal Bureau of Investigation (FBI) recently seized and shut down a website domain used for implementing cryptocurrency "pig killing disk" investment fraud. The operation is led by the FBI San Diego Division and aims to crack down on an in

Investing in gold becomes a deadly trap! A Taiwanese family of five committed suicide after being defrauded

On July 2nd, in a residential building in front of Fengyuan Railway Station in Taichung, the cold bodies of the owner of a military supplies store surnamed Wang and his family of five silently accused a carefully planned and closely pursued "Golden B

Fake Golden Bridge investment platform embezzled nearly 54 million rupees, leading to multiple fraud cases after one person was arrested

Recently, the Mumbai Cyber Police Department in India exposed a major financial fraud case - a fake stock investment group called "Golden Bridge Investment", which used "high return stock investments" as bait to successfully lure multi

Unable to resist the temptation of high returns, a 70 year old Chinese man fell into two investment scams within two months

Unable to withstand the temptation of high returns, a retired Chinese man in his seventies in Malaysia fell into a stock investment fraud trap twice in less than two months, resulting in a cumulative loss of 11000 ringgit (RMB 18056) in savings.

SpreadMKT platform is fraudulent! Indian businessman lured into \'online girlfriend\', losing 65 million rupees

Recently, a businessman in Noida, India was lured into investing in the fake trading platform SpreadMKT after meeting a woman on a dating app, resulting in a loss of up to 65.2 million rupees (approximately 5.53 million RMB).

A 76 year old customer was involved in third-party fraud, and Morgan Stanley needs to compensate $843000

On February 10th, a senior Morgan Stanley client in Florida who had previously been involved in a "gold bar" scam said she would receive $843000 in compensation from Morgan Stanley according to the ruling.

Alas, the old man is rich and easy to cheat! 84 year old man suffered losses of over 800000 yuan due to DIGZAX platform scam

On January 17th, an 84 year old man reported to the police that he was scammed while investing on a platform called "DIGZAX" and lost 500000 ringgit (approximately 820000 RMB).

1200 victims questioned foreign exchange platform Cinkciarz.pl: Where did our funds go?

Cinkciarz.pl， As one of the largest currency exchange platforms in Central Europe, it is facing a serious crisis of trust and legal challenges. Recently, about 1200 customers have filed complaints with the platform, claiming that they are unable to withdr

Businessmen encounter shocking scams! He lost nearly ten million on the A-Trade platform

Recently, a 58 year old private contractor from Malaysia invested in advertisements through the A-Trade platform on Facebook and suffered a huge fraud case, losing over RM5.9 million (approximately RMB 9.6 million).

OctaFX under investigation in India for alleged Ponzi scheme to raise 8 billion rupees

Global forex trading broker OctaFX is facing unprecedented challenges! Previously, the Indian Enforcement Agency (ED) accused its company of allegedly defrauding 8 billion rupees (RMB 680 million) from Indian investors through a Ponzi scheme. Later, inves