FX1573692143

Taiwan

1. On FB Messenger, Guo Xiaofeng sends a message to Max, who then communicates with his assistant Wang Ming via Line to provide information on strong stock operations. 2. They entice joining the "520 Compound Interest Plan" for gold price difference operations to earn substantial profits. All losses from stock sales are added up for more operations (Max promises that profits will first cover the amount lost from stock sales before splitting; profits from the first two weeks of trading are not shared). During this period, two small group sessions (likely accomplices) led Bitcoin operations that resulted in a blow-up, one ending with a balance of zero, and another with a balance of -12,949 USDT. Wang Ming states: "You must cover the negative losses within two days, or it will affect your credit. It's hard to recover losses with too little capital; it could take two to three months. You could borrow another 3 million, I guarantee to help you recover your losses within a week." He urged me to find ways to increase capital by borrowing more money (already invested NT$2 million during this period). 3. The only option was to take out a mortgage loan. Wang Ming said he consulted with the teacher and proactively offered a credit of NT$6 million, allowing me to join major market operations without any cost, provided I repay within half a month but restricted withdrawals until then. Not wanting to owe anyone and keeping my word, I repaid the NT$6 million credit and added another NT$2 million. 4. After repaying the credit with the bank mortgage loan, withdrawal requests were denied despite records showing 926,000 USDT had been withdrawn in the account; however, no funds were actually transferred to my bank account. They demanded a 30% capital gains tax for withdrawal. All my money including an NT$8 million mortgage was already invested; I had no funds left to pay further. Customer service claimed I owed taxes and forcibly removed me from the customer service group; Max and Yang Zongxing also left the Line chat, assistant Wang Ming stopped responding entirely, and I was forcibly removed from both the main and small groups (turns out they were all in it together). 5. My principal of NT$10 million along with all trading profits were withheld by this group; losses from stock sales incurred between June and August left me without any income. Now I have to pay an NT$8 million monthly mortgage interest—how can just one word "tragic" describe this?

José G

Spain

Trading gold here is so easy.👍

Positive

2024-07-22

FX1531539309

Taiwan

In April, I joined a Line group called "Soaring High," which included a teacher named Max and two assistants, XX Ying and XX Qiang. Initially, it was a stock group; from Monday to Friday, they would recommend a soaring stock to buy daily. Of course, there were both gains and losses. As we approached May 20th, they mentioned that the stock market outlook was not good and introduced a new investment plan called the "May 20th Compounding Plan." They invited their friend from the Piper Sandler institution, Mr. Yang Zongxing, to join. To participate, one needed to exchange cash for USDT through a broker to make deposits. After depositing, operations on gold trading (both selling and buying) would take place around 12:00 PM and 6:00 PM from Monday to Friday. Initially, the agreement was to pay the profit share after making withdrawals. However, when I wanted to withdraw, they changed the rule, stating that some students did not pay their share after withdrawing. Therefore, they shifted to requiring payment before withdrawal! This arbitrary change of rules also involved asking you to borrow money for the payment. Isn’t it supposed to be simple as making a withdrawal? I continuously communicated with them to let me withdraw first and promised immediate payment of my share once the money was withdrawn. But they insisted on receiving the profit share before allowing any withdrawals! A legitimate operator would want us to earn money as well as earn a share of the profits themselves. Their main interest seemed in earning this profit share, even encouraging others to take loans or use credit for investment! When I finished paying off the credit but couldn't withdraw, I realized it was a scam and stopped depositing more money! They threaten to freeze accounts if one cannot pay the share and unexpectedly retract links without warning! They expelled investors from the group making it impossible for them to withdraw their funds!