Fake investment platform fraud case
Case Overview:
Mr. Wang saw an investment advertisement for a virtual currency platform on the Internet, claiming high yields and quick profits. Mr. Wang invested $500,000 and made a small return in the first few days, which bolstered his trust in the platform. However, when he tried to withdraw funds, the platform demanded a “tax fee” and then disabled the withdrawal feature. Eventually, the platform disappeared and the website was inaccessible.
Legal Response:
Initial Consultation and Victim Advice:
Financial Legal Aid' legal team conducted an initial consultation with Mr. Wang about the specifics of his investment and reviewed all communication records with the platform. The lawyer asked Mr. Wang if he had any contracts, agreements, and deposit receipts related to the platform. Mr Wang provided some of the platform’s chat history and transaction screenshots, and the lawyer decided to investigate the platform’s background first.
Platform background investigation:
By examining the platform’s domain name registration information, contact information, and functional variables, the lawyer found that the platform’s registered address was forged and lacked a legitimate registration certificate. The Financial Legal Aid team further tracked the flow of funds from the platform and found that Mr. Wang’s investments had been rapidly transferred to several overseas accounts.
Cross-national Claims and Collaborations:
The Financial Legal Aid firm contacted financial regulators in several countries and requested their help in tracking the flow of funds. Lawyers also provided information on the platform’s operations to Interpol and relevant law enforcement agencies. Through extensive collaboration, the legal team successfully traced the true identity of the platform operator.
Litigation and Fund Recovery:
The lawyer suggested that Mr. Wang recover his funds from the platform through transnational litigation. Financial Legal Aid assisted Mr. Wang in filing the lawsuit and tracing the funds through international legal pipelines. The legal team also maintains close communication with Mr. Wang, regularly informing him of the progress of the case and helping him understand every step of the case.
Case Result:
After months of hard work, Mr. Wang managed to recover $350,000 in investment losses. Several members of the fraud syndicate were arrested in several countries and the platform’s website was shut down. Mr Wang was deeply satisfied with Financial Legal Aid’ professionalism and cross-border expertise and said: “Without your help, I may never be able to recover these losses.”
