Don't believe all that you see online. Scammers are never who they claimed to be

Anonymous | 21 Dec 2019

Investment Scam
Scammer creates profiles on tinder, line & facebook . Pretends to be interested in you and so on and so forth and is based in Hong Kong but comes from China.

SHAREs photos of themselves as well as a good background story. (Very convincing)

Pretends to help you by giving you inside information on investments via cryptocurrency and is willing to walk you through it. (Red flag but I carried on with it to learn more about the scam)

Showed me a white paper document on a very recent cryptocurrency. (Very important is that you read the document and Google the information as well as the team leading it.)

I use various platforms for research AND got in CONTACT with FRIENDS from the BANKING industry as well as intel from a cryptocurrency trader. Conclusion is that it might be a scam using the pump & dump method. All the team members featured in the white paper do not exist after using facial recognition search and industry background search. Certain information written seemed off when reviewed by CRYPTOCURRENCY veterans.

Scammer instructed me to use Huobi app to exchange fiat currency to USDT. After that using the USDT to deposit into Ruibtc trading site. I did An internet trustworthiness check on both and came up with not much issues. Huobi is valid and security seems good with a large amount of traders using it. Ruibtc was a bit suspicious so I did a test and transacted a small amount between both platforms TO test the legitimacy of it. Ruibtc passed as well. That only meant the CRYPTOCURRENCY was the problem. By encouraging investors to buy in and push value up and once that happens the scammers in control of the CRYPTOCURRENCY would dump/sell all of their units making the later investors lose their investments.

I did additional searches on Facebook and tinder and found the same person with a different name. All posts were recently made.

This is one of the most elaborate scams I have come across. (DHL, SPF, singpost are ALL 3rd rate scams)

Halfway through she caught on to what I was doing but still pretended to be innocent. (I doctored a few of the screenshots and the scammer NOTICED the numbers did not tally lol)

Now the question is, are those photographs of childhood and events a stolen identity or are they confident enough to use their own profiles to scam knowing that the government would not be able to track them down?

I have further DOCUMENTATIONs if needed.

Always remember do not run from scams, TRY if possible to find out as much information as possible without revealing much of your own. Come up with your own back story. If we don't learn how they operate we will always be outdated.

Oh I did lose $70+ due to transactional fees and exchange rates BUT the case study was fascinating. THANK you.