Recently, the State Administration of Financial Supervision and Administration of China issued a risk warning on preventing fraudulent online investment and financial fraud, reminding that such fraud cases are frequent and many people are deceived. It clearly reminds that there are no "breakeven and high interest" financial products, and that one should not be gullible for unclear sources of information or seek "temporary benefits". Fraudulent online investment and financial fraud is usually carried out through three channels, including attracting consumers through false propaganda of "high interest and capital preservation", inducing investment through false information of "expert insider", and transferring funds through false platforms of "investment rebate". Consumers should be vigilant in inducing investment behavior through informal online channels to avoid economic losses caused by information leakage.
The State Administration of Financial Supervision and Administration pointed out that there are frequent cases of fraudulent online investment and wealth management fraud, which harm consumer rights and disrupt the order of the financial market. To this end, the bureau has issued a risk warning for consumer rights protection, reminding consumers to be highly vigilant against such fraud and to guard against property losses.
Credible "investment teacher" scammed nearly 5 million
Recently, Ai Huijun learned from the Dongguan police that two local victims were defrauded of over 5 million yuan (RMB, the same below) by online investment, stock trading or financial management within four days. The main fraudulent means of this type of investment and financial fraud are "stock recommendation groups", where fraudsters often call themselves "teachers" or "stock gods" to attract investors with fraudulent scripts such as "knowing insider information" and "being able to apply for new shares". Mr. Xiong, one of the victims of the scam, saw a stock trading advertisement online and added an investment assistant QQ friend by clicking on the advertisement link. He then entered the "Investment Group" and listened to investment and wealth management classes. A month later, an "investment teacher" in the group actively added Mr. Xiong as a QQ friend. Mr. Xiong followed the instructions of the other party to download the "Universal Famous Medicine" investment app, and used mobile banking to transfer funds to the app 10 times. In the end, he was defrauded of 3.96 million yuan.
The Guangdong police have also cracked down on telecommunications network fraud gangs that use WeChat groups and fake online investment platforms as their main strongholds. In order to evade police investigation and crackdown, the gang has repeatedly played "collective disappearance", replaced fraud dens, rebuilt WeChat groups and fake investment platform apps, and even stopped committing crimes for a long time. The division of labor among the gang members is clear, and the "post-90s" gang leaders coordinate the arrangement of fraud scripts and platform control, responsible for guiding newcomers to get started, and are respected as "mentors" by everyone in the group; The other members transformed into ordinary group friends and vigorously advocated and coaxed, creating the illusion of "steady gains without losses".
The illusion of high returns, high risks, and 'stable gains without losses'
The State Administration of Financial Supervision and Administration reminds that there are no "principal guaranteed high interest" wealth management products. According to the "Guiding Opinions on Regulating the Asset Management Business of Financial Institutions" officially implemented in January last year, financial institutions are not allowed to promise to "maintain principal and return" when carrying out asset management business. Consumers should recognize that bank wealth management, funds, trusts, futures, etc. are not deposits, and high returns mean high risks. "High principal and interest rates" and "expert guarantees" are common fraudulent online investment and wealth management scams, and they should be vigilant.
At the same time, consumers should not trust "gossip" spread through online forums, WeChat groups, QQ groups, and other channels, as well as organizations or personnel without legal qualifications. Be vigilant in inducing investment behavior through informal online channels such as unfamiliar calls and email promotions, and do not click on unknown links or scan QR codes at will. Refuse to share real-time location and photos containing identity information with strangers to avoid economic losses caused by information leakage.
