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whatsapp Teaching fraud groups

$CN HEALTH TECH (01069.HK)$ In several WhatsApp groups, self-proclaimed experienced mentors have successfully enticed numerous unsuspecting investors by fostering trust. They paint a picture of assistance in gaining profits, under the guise of a future 10% scheme where they'd aid in profit generation while claiming a 10% commission. Lured by these promises, individuals invested their entire funds into purchasing the mentioned stocks. This deceptive strategy enabled these scammers to artificially inflate the stock's value—a process known as "pumping"—as part of their scheme. Ultimately, their intentions revolve around "dumping" these stocks at an opportune moment, thereby deceiving the investing community.
However, some individuals have started to catch on to these schemes and have begun selling their shares before the scammers can offload their own artificially acquired shares at a profit. Despite these efforts, a considerable portion of invested funds has already been lost. Unfortunately, it remains uncertain when the stock suspension will be lifted. The potential aftermath is worrisome; the stock's price upon resumption of trading could plummet to a degree that recovery of the invested capital seems unlikely for many investors
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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