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Police warn against illegal forex trading platforms

Hanoi police have warned people against illegal foreign exchange trading platforms on the internet which have swindled many out of their money.
Police warn against illegal forex trading platforms ảnh 1Illustrative image (Source: Dai doan ket Newspaper)
Hanoi (VNA) – Hanoi policehave warned people against illegal foreign exchange trading platforms on theinternet which have swindled many out of their money.

Those platforms advertised so-calledforeign-invested projects that are connected with major e-currency trading platformsin the world and commit to generate monthly interest rates of 10 - 30% forinvestors.

Such platforms initially pay profits to investors to lure them into investing more money, and then lockinvestors’ accounts, making them unable to withdraw money. A number of peoplehave been swindled and lost hundreds of millions of VND, the Hanoi PublicSecurity Department said on May 29.

Given this, the police recommendedpeople stay vigilant against advertisements of foreign-invested tradingplatforms with high interest rates, and report to police if they find any signsof misappropriation.

On May 18, the force also advised against fraudulent stock investment appswhich have taken advantage of the public’s increasing interest in the stockmarket. Many have also lost hundreds of millions of VND to those apps./.
VNA

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