According to Deep Tide TechFlow news, on December 11, the U.S. SEC sued a fraud gang, accusing them of impersonating American securities brokers and investment advisors, and defrauding at least $2.9 million through fake websites and phone calls.
Since 2019, this gang has impersonated employees of a well-known American securities company, promising monthly investment returns of 15%-25%, and convincing potential investors to invest. They also instructed investors to open accounts with brokerage firms and cryptocurrency trading platforms to purchase cryptocurrencies, and subsequently misappropriated these assets. The defendants also guided investors to use fraudulent online investment platforms, presenting them with fictitious high returns. These false returns led many investors to invest additional funds, which the defendants also misappropriated.
When investors eventually sought to withdraw their funds, the gang informed them that additional fees were required. The team and/or others working with them stole at least $2.9 million from 28 investors, most of whom reside in the United States.