Two Accomplices Subject to Heavier Punishment Due to Assistance to Forex Scam

Source: Fazzaco 2020-08-05

Two accomplices who served as customer services and lured investors in a forex scam were subject to heavier penalties.

One year ago, Hu, the real organizer of the scam, offered the job of advertising “Juhuixin” forex App to his two friends Guo and Luo and promised 30% commission rate on their sales.

As a matter of fact, all the data and indicators on the App, where investors could trade dollars, euros, and bitcoins on its mobile or web page version, could be manipulated from the backstage.

The two customers services recommended investors to download the fake App and register through referral codes, and provided bank account information for investors when they topped up. They then adjusted investors’ account to a certain amount after receiving the top-up screenshots, creating an illusion that investors’ fund had been transferred to their own accounts. Unfortunately, investors failed to notice that the bank account was an individual account and didn’t take any measures.

Later, programmers in the criminal group would falsify the data on the backstage, convincing investors that they had made mistakes and lost money.

During the time when the two of them worked as customer services, the fake App was reported repeatedly and its name and website changed over and over again. When the case was cracked down, it was found that Guo was involved in the fund scammed worth more than 4 million yuan, and Luo more than 1 million yuan.

Although both of them were not the big boss behind the scam, they still knowingly helped scammers fleece money from others through WeChat and other online channels. They violated the Criminal Law of the People’s Republic of China and were subject to heavier punishment. Guo was sentenced to an imprisonment of 8 years and a penalty of 30,000 yuan, and Luo 4 years and 20,000 yuan.

Acquaintances may easily be gathered in the same criminal gang. To avoid being brainwashed, you need to be capable of telling good from evil, otherwise you may end up behind bars. Moreover, you should not pursue anything resembling a “relaxing and high-pay” job.

On the other hand, Sales pitches of high return do work well because people who intend to invest or pursue higher profits cannot resist such an temptation for a long time. Nowadays, posts on your WeChat Moment may not come from a trustworthy source, so please take them with a grain of salt.

So if you really want engage in the forex industry, please consult FX110.com for forex knowledge first to bypass the trap set by forex scammers.

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Two Accomplices Subject to Heavier Punishment Due to Assistance to Forex Scam

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