In late September, Huainan Public Security issued a notice stating that "Yihui Global" Li, Pan, and others were suspected of economic crimes and investigated in accordance with the law, and mandatory measures have been taken against the main personnel. Just one day before the two heads of "Yihui Global" were caught, the "Yihui Global" platform and its associated GHC platform took a preemptive action and issued a notice declaring "withdrawal from the Chinese market".
There is never a shortage of reasons for the fund tray to engulf user funds, but it happens that it always uses the worst one. In the joint announcement, Yihui Global, unlike orderly delisting traders, gave users enough time to close trading orders and withdraw funds, and adopted a delaying strategy.
The announcement states that we need to follow the specific processing procedures provided by GHC traders before we can let everyone know the next steps (approximately 90 to 180 days). During this period, we hope that our families can patiently wait.
GHC clearly has the same caliber as Yihui Global: regarding the smooth cancellation of related business, we will provide a complete explanation of the processing procedures to all sectors within 90 to 180 days.
Familiar and awkward running lines, the last platform that asked "family members to patiently wait" was PTFX Puton, and the result of waiting was that the relevant personnel were subject to legal sanctions.
The ultimate victims of a capital crash are always the users, and there are three users who have suffered financial losses after submitting reports on Aihuicha.
User A: On September 4, 2021, GHC platform and Yihui Global suspended user fund accounts, resulting in a collapse of the fund market and the departure of platform merchants in China. Claim transaction funds and account balance of $60000.
User B: The GHC platform has run away, and customer service is no longer able to contact me. The money in my account cannot be withdrawn, as it is all genuine gold and silver. Unexpectedly, I encountered a scammer platform.
User C: The GHC platform website cannot be opened, and the transaction account has been deactivated. Can the company's segregated account reduce our losses as we still have funds of over $5300 that cannot be withdrawn? If not, what is the use of isolating accounts? Is the middleman Yihui Global and GHC Company the same group of people. How can I recover the money in my account?
We suggest that users who are unable to make payments collect relevant information in a timely manner and report the case to the local economic investigation team. Reporting the case one minute earlier will increase the possibility of recovering funds.
GHC claims to be regulated by ASIC in Australia, and has published the AFS Representative regulatory number 001275009 on the platform website. After inquiry, we entered "001275009" on the Australian ASIC official website and found that the corresponding platform name is GLOBAL HOLDING CAPITAL PTY LTD. ASIC registered as an authorized representative, and through the information registered on ASIC, we found that its main company name is ALPHA Securities PTY LTD.
After consulting with ALPHA Securities PTY LTD via email, their response was that GHCTRADE is not an authorized representative of ALPHA Securities, and ALPHA Securities has no association with the GHC platform. Obviously, this platform is a deck platform!
Yihui Global officially claims to be an intermediary, providing trading signals, training and other services. Investors can invest on GHC, a foreign exchange platform, and enjoy the high yield services provided by Yihui Global.
But in reality, both Yihui Global and GHC are the same boss - Zeng Ying. According to the registration information of FSP in New Zealand, Ying Zeng holds 100% of GHC shares and is the legal representative of the company.
Like many capital markets, the GHC platform is a model of pulling people and building teams, with the main revenue not from financial derivatives trading, but from human capital. The user deposited 1000 US dollars, but the actual account only had 700, and the other 300 was a credit deposit, which confused the concept. When trading orders, they cannot be seen until the position is closed, and users have never seen orders in the transaction.
Pulling people's heads and not seeing transaction records are common characteristics of capital markets. The investment market is chaotic, with mixed funds. Investors are advised to be cautious when selecting platforms. When encountering platforms that cannot be determined, it is recommended to check through Aihuicha.
