31 arrested in the Philippines in connection to an online crypto scam

[mlawson71]

Last week the Philippine Police arrested 31 people working for an online crypto currency scam. The group called Roses 4U Inc. used a call center to solicit online investments in foreign exchange, commodities and crypto currencies, targeting foreign retail investors.

The offices of Roses 4U Inc. in in Cavite and Pasay City were raided by the Philippine National Police Anti-Cybercrime Group along with agents from the Philippine Securities and Exchange Commission (SEC) and the Anti-Money Laundering Council.

The scam was run through an online portal, where scammers were offering fake trading accounts and other services like investment opportunities in stocks, without authorization.

 

[daughtry]

is this really what is happening these days

 

[daughtry]

hoping they are making things more secure

 

[daughtry]

or possibly providing adequate info on related issues

 

[daughtry]

hello can this work on new mt4

 

[mlawson71]

Well, this scam was taken down so they won't be stealing from any more people at least. Who knows how many will take its place.

 

[aabdalrahmain]

hoping they are making things more secure