Warning about fraud and money appropriation through stock investment groups

Recently, through the work of grasping the situation, the police force discovered that some scammers had created chat groups, impersonating "experts" to lure investors to join closed groups on social networks, install websites, apps, and deposit money to invest in stocks.

When the victim is no longer able to send more money or is discovered or suspected, the subjects lock the account and appropriate the victim's money.

Regarding this issue, Lieutenant General To An Xo, Spokesperson of the Ministry of Public Security, has provided information and recommendations for people and investors.

Lieutenant General To An Xo, Spokesperson of the Ministry of Public Security, said the tricks that the subjects often use are:

Taking advantage of the psychological factor of profit and the lack of knowledge of the people and some investors, the subjects claimed to be employees of reputable securities companies, made calls and invited people to join groups (Group chats) and online courses on stock investment.

When the victims agreed to join the chat groups and closed groups, the subjects continued to introduce high-profit investment opportunities, buying stocks on the Vietnamese stock exchange at prices lower than the current market price. To receive the above incentives, the subjects instructed the victims to access website links or install applications on mobile devices, provided by them.

Understanding the psychology of investors, when victims register accounts on websites and mobile apps, the subjects continue to entice victims to participate in online investment groups according to each stock code that has potential on the stock market. Here, the victims are explained by the subjects that because reputable, legal financial investment funds have linked with securities companies, they are supported and have high incentives; or the enterprise issues individual shares, shares for employees and invites victims to buy back the shares of those employees at a price much lower than the market price...

In order to create trust, the subjects provided the victims with legal documents of the Investment Fund such as: Certificate of establishment of the Investment Fund issued by the State Securities Commission, business license, Certificate of the supervising bank... and the bank account receiving the money was also named after the Company account, Investment Fund with promises of high interest rates, if there was a loss, they would be compensated and the purchase price of the stocks through the Investment Fund would be discounted from 15% -30% compared to the current trading price. The information that the subjects provided, the victims could easily look up, find matching information on the internet and immediately trust the legal documents that the subjects provided.

Many victims believed in the promises of the subjects, deposited money into the application and continuously made profits, even profits many times over in the first few trading sessions. Investors were also shown many profitable accounts of other investors (which were fake accounts created by them). In fact, this was a trick to create fake transactions to create trust, entice, and entice victims to deposit more money into investment accounts.

However, when the victim wants to withdraw money, the application reports an error or reports that the Fund's counterpart limit is not met. At this time, the subjects will continuously entice, entice, and force the victim to transfer more money into their account with reasons such as: Submitting incorrect content so the system has not recorded it, paying taxes and fees to withdraw money... Many victims, because they have transferred a large amount of money into their account, are easily manipulated psychologically, having to transfer more money or else they will lose the money they previously deposited.

When the victims are no longer able to transfer money, the subjects will disable the victims' accounts or make the victims' accounts unable to log in to appropriate the money that the victims have transferred to the App. When they discover they have been scammed, the subjects delete the victims' accounts from social networking groups and block contact with the victims. The verification and tracing work is currently facing many difficulties because most of the Group chats have addresses outside the borders of Vietnam.

Faced with the above tricks, the police force recommends the following to the people and investors:

- Absolutely do not listen to and follow the enticement of financial investment on the Internet that will bring high profits, especially when you have no knowledge about stocks. Absolutely do not participate in Group chats, do not invest in Websites, Apps without carefully researching information about the managing unit.

- It is necessary to find information from many sources, especially official sources such as: The State Securities Commission's website; financial and banking websites... If there is a need to invest, people can choose securities trading platforms licensed by the State...

- In case of suspicion of fraud or property appropriation, people and investors need to immediately report to the nearest police agency for timely support and handling...

According to Chinhphu.vn

Source