Topic: Electronic Money Trap: Players lose lead and fish (Read 118 times)

In addition to fraud, the issuer and user of the currency has violated the law.


Many sophisticated moves

As reported by the Workers, after raising capital to invest in cash dispensers, Asama High-Tech Development Investment Co., Ltd did not pay interest in cash to the investor but paid Asama coin by the government. distribution company. In early August 2018, the company opened the virtual currency asmaexchange.com for investors to sell Asama coin, return capital and interest. However, many people paid from a few hundred to a few thousand Coin (22,000 VND / coin) "bogged down" at this company because the offer price on the floor is only equal to 50% of the cost price or the buyer only offer price but not buy . If not sold is considered lost investor, if sold will lose half of the initial contribution.

According to the reporter, to encourage players to coin, in addition to promising high profits, enterprises (DN) issuing coin usually put the investment package from 300 to 20,000 dollars; the exchange rate from real money to coin is very low; organizing conferences promoting real estate projects (in fact, ghost projects); Demonstrate the value of fast growing coin, can buy the land; Commit to bring coin to the international trading floor, creating conditions for investors to profit, return capital and interest; At the same time give players more hundreds of thousands of dollars ... However, the total amount of real money players have to convert to coin issued by the company.

Our documents show that Vietnam Electronic Investment Development Corporation (BNC) issued BNC coin with the conversion ratio of USD 0.0435 = 1 BNC, Investment and Trade Investment Joint Stock Company BEC Vietnam (BEC) issued BEC coin at the rate of 1.2 USD = 1 BEC ... Meanwhile, Thai Tuan Trading and Service Investment Company Limited (TTC) issued TTC coin at the end of 2017. And so far this coin has collapsed. It is worth noting that all three companies are under the International Investment and Development Corporation (BNI Group) owned by Mr. Vu Duc Tinh.

Initially, these companies pay interest to players monthly coin, quarterly pretty regularly. However, the next few months, the BNC boss coin, BEC coin not pay interest, switch to the method of return and interest. Accordingly, investors have to buy goods, houses and land ... at some addresses designated by BNC company and BEC company to get a 3% return on the purchase of goods. And investors who want to pay back quickly, invite others to buy BNC coin, BEC coin ... will be refunded 25% of capital from new investors. So, many people have invested in BNC coin, BEC coin must find ways to invite people to buy 2 coin this. A multi-level virtual currency line is spreading.

Recently, the market appeared again iLuck Foundation (Ba Ria - Vung Tau province) is inviting investors to contribute capital played coin issued by foreign companies. Accordingly, the player contributes a minimum of $ 5,000 (about 116 million).

With the funds raised, iLuck Foundation uses 10% to set up a risk reserve fund, 30% to invest in high potential coins, 50% to buy cheap coins, 10% Investing in high-risk coins involves great profits. This company has successfully invested 7 coin on the international floor, earning tens of times the amount of capital spent.

However, when participating investors can only sign a trust agreement to allow the company to conduct coin transactions and the name of the property owner rather than within 6 months. Investors are given a profit of 3% -8% / quarter.

Melancholy escape the body

Mr. Viet - who invested $ 30,000 in BEC coin - said when Vu Duc Tinh (owner of BEC) announced that investors want to withdraw capital to buy goods, houses land, cars ... he knew he had lost his capital. Because, BEC's stores only sell poor quality consumer goods. For example, with a commodity valued at VND1 million, investors are only allowed to pay 30% on BEC coin, while the remaining 70% must be paid in cash. After that, BEC will pay 3% / month until the full purchase amount is 1 million VND.

"With this method, investors have to buy goods until the capital is recovered? To recover $ 1,000, perhaps I have to deceive someone, spend $ 4,000 to buy BEC coin because the company committed the old investors inviting others to buy BEC coin will be refunded 25% of the capital. of new investors? "- Anh Viet analysis and wonder.

In fact, since the crashes show that when a coin is prepared to "break the game", co-owners coin to set up a new company, release coin another, continue to entice players to have cash flow fill collapse of the coin first The victims of iFan coin said that when this currency risked to lose 15 trillion dong, Modern Tech Joint Stock Company after mobilizing USD and convert it into iFan coin transferred the coin to pincoin and put Pincoin Trading on the international floor but no one bought.

Case VNCOINS JSC is an example. Nguyen Huu Tien, Chairman of the OTCMAX Joint Stock Company (which has been prosecuted and detained) has drawn up virtual investment projects to raise multi-level funds, interest rates up to 1.8% per day. As a result, VNCOINS will not be able to repay the interest. Therefore, VNCOINS will open its own trading floor and open its own trading floor. invest, transfer cash flow from mobilizing multi-level capital to VNcoin to cover financial exhaustion.

According to Nguyen Hoang Minh, Deputy Director of the State Bank of HCM City, the company issued a coin to convert to USD is a form of spelling to avoid the control of the authorities. And people are buying coins in dollars are signs of violations in foreign currency transactions. Vietnamese law does not allow individuals or organizations to list and pay for goods or services in foreign currencies.

Lawyer - Dr. Bui Quang Tin (Ho Chi Minh City Bar Association) affirmed that the mobilization of capital for issuing and trading in Vietnam is illegal because the law does not recognize the issuance, use coin. "Even in the international market, in the tens of thousands of coin, there is little copper recognized. Coins must be validated through the application of business support payment, management ... "- said the lawyer Tin.