Your current location is:{Current column} >>Text
Beware of Faxton Limited (Faxton Incentive Limited) Investment Scam
{Current column}6People have watched
IntroductionAccording to the victim's report, he lost $200,000on a fraudulent platform called Faxton Limited ...
According to the victim's report,Is Jufeng precious metals legal in China? he lost $200,000on a fraudulent platform called Faxton Limited(also known as Faxton Incentive Limited), which operated a private Facebook groupwith over 1,000 investors.
He was introduced to the Facebook investment group by someone he met online. At first he invested only a small amount of money and tested it for a while, and everything worked fine and he was able to withdraw profits.
Later he invested a large amount of money, but when it was time to withdraw, the platform asked him to pay an extra commissionand a 15%commission to withdraw even if he closed his account.
After the victim paid the money, they still wouldn't let him withdraw, his "investment manager" suddenly disappeared, and the website's online customer service didn't answer. They cheated him out of $200,000 and pulled him from their Facebook group.
No negative information about the company can be found on the Internet, and the investor warns people not to fall for the scam.
Reminder 1: Any trading platform that asks you to pay fees upfront (such as taxes, deposits, verification fees, channel fees, etc.) to withdraw funds or unfreeze your account is a scam.
Don't pay any fees because scammers just want to scam you for more money and then disappear.
Reminder 2: The trading market is full of uncertainty, do not blindly pursue high returns. And always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely to be scams.
Reminder 3: Don't trust individuals or organisations who claim to be able to get your money back - they may be selling hope and scamming you again. This is especially true if they ask you to pay in advance, which is a "recovery scam".
We recommends that you always perform due diligence and verify information about the trading platform's qualifications before forextrustindex.
Stay away from new, unregulated, low-rating and high-risk trading platforms to avoid potential scams.
Click here to recognize common investment trading scams to avoid being scammed.
Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.
Tags:
Related articles
RBNZ hikes rates by surprise 50 bps, says inflation still too high By
{Current column}By Ambar Warrick-- The Reserve Bank of New Zealand raised interest rates by more than expected on We ...
Read moreMusk says Twitter has to show spam accounts less than 5% for deal to move forward By Reuters
{Current column}© Reuters. FILE PHOTO: Elon Musk looks at his mobile phone in Cape Canaveral, Florida, U.S. January ...
Read moreWall St opens higher on banks, growth stocks boost By Reuters
{Current column}© Reuters. FILE PHOTO: The New York Stock Exchange (NYSE) in New York City, where markets roiled aft ...
Read more
Popular Articles
- Republican hopefuls woo evangelicals in Iowa, vow to restrict abortion By Reuters
- Dollar Steadies, Stocks Edge Up As Growth Jitters Subside Slightly
- Trading Desk Notes: Stock Market Sentiment Is Extremely Negative
- Powell’s Crash Landing: No Way CPI Will Drop 6 Percentage Points In Time
- Fox asks Dominion Voting to probe leaks of Tucker Carlson messages By Reuters
- Twitter's account of deal shows Musk signing without asking for more info By Reuters
Latest articles
-
4 big analyst picks: Snap gets a fresh upgrade; a big day for Tencent Music By
-
S&P 500 Slips as Rout in Target Triggers Selloff Storm; Dow Down 1,000 By
-
Markets Turn Cautiously Positive But Growth Fears Persist
-
Oil prices ease as EU struggles to seal Russia import ban By Reuters
-
Gold prices keep record high in sight amid growing economic jitters By
-
UK Unemployment Rate Surpasses Pre