There are more and more scammers on the Internet. The Financial Ombudsman warns against promises of quick profit on the network. How not to be fooled?
Customers are attracted by the promise of quick profit
How do online tricksters work? At the beginning, the customer is contacted by a representative of the cheating platform. The potential victim is presented with promises of quick profit and investment support of an experienced analyst or bot.
This is where the actual scam begins. The client is asked to pay a certain amount, which is supposed to enable the work of analysts and opening an investor account.
They seek to take out a loan on behalf of the victim
After the first deposit, the client gets access to the account on the platform, where the deposited funds are presented and has the opportunity to perform activities that look like investing in specific instruments.
Fraudsters may now want to access your bank login or credit card details to help fund your investor account. As the Office of the Financial Ombudsman warns, in this way fraudsters can order transfers and even take out loans on behalf of the bank’s client.
See also: Fraudsters use WhatsApp to extort money from OLX customers
The money suddenly “disappears” from the platform
At this stage of the fraud, platform representatives intensify activities and contacts with the client. All this in order to put pressure on them, to scare them with the vision of the loss of deposited funds and the need to continue investing.
When an investor resigns from further cooperation and requests the withdrawal of funds accumulated on the platform, the fraudsters refuse, using technical problems on the part of the banks.
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Cryptocurrencies are a favorite decoy used by fraudsters
Cryptocurrencies are the decoy most often used by fraudsters. Growing number of complaints filed with the Bureau Financial Ombudsman, testifies to the scale of the problem. People tempted by the vision of high earnings become victims of fraud and have a problem with regaining their savings.
The first contact with the client is to encourage him to invest more funds and increase the profits so easily obtained. The second one should be mobilized for further payments to quickly make up for losses. In order to increase the credibility of fraudsters, some money is actually returned to the customer.
In the worst-case scenario, the deceived are left with not only losses in the form of lost savings, but also borrowed by themselves or by alleged “analysts”.
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