102205701 OP : They use all types- groups, WhatsApp, Telegram, Viber etc. This group are divided into different subgroups handling would-be victims. They will take the name of an established or real finance investor, give you financial market updates which are copy pasted from different sites. They will give you 3-4 stock’s initially earning 10-30% to earn your trust. Then they will give this one stock promising 200-500% earnings so you will then get all your savings, retirement, refinance the house with the hope of tripling earnings etc. They will say this will be either 1 week or 1 month investment before you get your returns. They will pump the stock in stages based on the capital of each individual. They will group individuals based on the capital once they finish pumping, after one to three days they will dump before you even know it. They don’t want you to put any stop loss. They will even ask for a screenshot or we order your place which is actually for their commission. They also use different numbers. Also, they also promised to compensate you for whatever loss you will get. Remember: these are just all scamming techniques or strategies and they will use this in stock.

102205701 : $WAN KEI GROUP(01718.HK)$ One of the victims of recent scamming scheme by “Mr. Luke”. Blame myself for being too blinded by greed.
But I am gonna share my personal experience, hopefully this will reach out to many more people for better awareness. I pray that no one be scammed by this kind of bastards again. Here is how the scamming scheme goes.
I was added into Futu Securities whatsapp group soon after I opened the MooMoo account. He suggested some HK stocks to buy at a specific price and then when to sell off. Made a few bucks here and there for about 2-3 transactions (about 4months). About the time that he gained your trust, he will start his actual scamming scheme, telling you that you will make 30% or more profit for his suggested stock within 3-7days. Also suggest to invest huge amount like $150K-1M or more and then he will add you to his super VVIP group. So I did buy this Wan Kei stock at $2.8. And the next day, it was pumped to $0.8. There goes the hard earned money disappeared in a blink.
This incident is a hard slap in my face.
On the other hand, I am starting to doubt  the data security of MooMoo. Futu Securities is MooMoo’s parent company. Is this scamming scheme actually behind by Futu? Or our user data in MooMoo system are being leaked to this scammers especially of the newbie’s profile?
I hope others will start sharing more of their personal experience for other people from becoming the victims.

102205701 : $WAN KEI GROUP(01718.HK)$ One of the victims of recent scamming scheme by “Mr. Luke”. Blame myself for being too blinded by greed.
But I am gonna share my personal experience, hopefully this will reach out to many more people for better awareness. I pray that no one be scammed by this kind of bastards again. Here is how the scamming scheme goes.
I was added into Futu Securities whatsapp group soon after I opened the MooMoo account. He suggested some HK stocks to buy at a specific price and then when to sell off. Made a few bucks here and there for about 2-3 transactions (about 4months). About the time that he gained your trust, he will start his actual scamming scheme, telling you that you will make 30% or more profit for his suggested stock within 3-7days. Also suggest to invest huge amount like $150K-1M or more and then he will add you to his super VVIP group. So I did buy this Wan Kei stock at $2.8. And the next day, it was pumped to $0.8. There goes the hard earned money disappeared in a blink.
This incident is a hard slap in my face.
On the other hand, I am starting to doubt  the data security of MooMoo. Futu Securities is MooMoo’s parent company. Is this scamming scheme actually behind by Futu? Or our user data in MooMoo system are being leaked to this scammers especially of the newbie’s profile?
I hope others will start sharing more of their personal experience for other people from becoming the victims.