Last week, Aihuicha released an article titled "Counterfeiting Tianhong Fund, Guangfa Securities... Domestic financial enterprises cannot escape impersonation". But unexpectedly, COFCO Group, which did not have financial attributes, was also impersonated by fraud gangs.
Counterfeiting COFCO platform for selling grain and oil futures
The experience of being deceived described by Huiyou in the complaint is as follows:
During the trading period on the COFCO platform, I followed the platform's requirements and did not engage in any illegal transactions. There were no issues with my bank card, but the platform repeatedly used excuses such as account and transaction operation issues to block the withdrawal of funds
From the screenshot sent by the complaining user, it can be seen that he has entered an app where he can trade bulk commodities such as soybean oil, soybeans, olive oil, palm oil, etc., and like other trading platforms, there is also a K-line chart to view real-time prices. And the user complained that 21000 yuan was trapped and unable to make a payment.
Because the complained user did not send a screenshot of the app's name, but the victim claimed to be trading on the "COFCO platform". And there is also a poster on the screenshot of the app's homepage that reads "COFCO Gifts, Prosperous Birthday"; Moreover, the counterfeit APP mainly deals with bulk commodities of grain and oil, which is also in line with the corporate identity of the grain, oil and food enterprise of COFCO Group. It can be confirmed that the fraud app did indeed impersonate the name of "COFCO".
Futures purchase requires opening a futures trading account
COFCO Group is a grain, oil, and food enterprise that indeed reserves a lot of grain and oil; But this is completely different from commodity trading. Bulk commodity trading is futures trading with financial attributes; And our daily purchases of COFCO products in supermarkets are retail and in stock.
Since it is futures, in terms of purchasing channels, futures trading should open a futures trading account just like buying stocks. According to the official website of the China Securities Regulatory Commission, there are currently 149 futures companies, but of course, COFCO Group is not among them. It can be seen that "COFCO Group" does not have the authority to sell its own futures even on its own app. Just like buying stocks of a certain company is not on the official website of a certain company, but through a securities company.
Aihuijun searched for apps related to "COFCO" in several commonly used mobile application markets and only found one "China Grain and Oil Information Network", but it has no relationship with COFCO Group. Therefore, Aihuijun believes that the complaint against Huiyou must have been downloaded to the counterfeit COFCO trading platform through a certain investment group or recommended link by netizens, as illegal trading platforms cannot pass the review of the application market.
Ai Hui Cha Reminder:
The fraud on the counterfeit COFCO platform targets novices who have no knowledge of financial transactions. Even if the victim has a little knowledge of stock and futures trading, they can recognize that the platform is counterfeit. So, Aihuicha reminds novice traders not to invest in areas and platforms they know nothing about after seeing some profit screenshots or investments recommended by netizens. This will only result in losing money and fattening the fraudsters' pockets in vain.
