Vietnamese Investors Lose Millions to Unlicensed 'Online Gold Mining' Scams

A wave of sophisticated online scams is targeting Vietnamese investors, preying on the desire for quick financial gains. Unlicensed platforms offering gold and international stock trading have proliferated, using social media giants like Facebook and TikTok to reach a vast audience. The allure of high, rapid profits – with some brokers promising returns of 15-30% in just a few hours – is proving dangerously effective.

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There is always a team to support and grasp market trends. 85% win rate, profit of over 20%/month, 1-1 support, free account recovery, balancing orders when investment is not effective. Especially low transaction fees, fast orders and easy to make profits.

These operations employ various tactics, from creating seemingly supportive online communities on platforms like Zalo to deploying "investment experts" who offer personalized guidance. In more insidious cases, scammers build romantic relationships online before subtly guiding their targets into these fraudulent investment schemes. The story of a university lecturer who lost nearly 2 billion VND after trusting an online "boyfriend" is a stark reminder of the emotional manipulation involved.

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We always strive to provide safe trading strategies, continuously improving to bring the best quality to customers and investors.

From our perspective at Tuổi Trẻ, the State Securities Commission's warnings about these unlicensed platforms are crucial but may not be enough. The sheer volume of users in these online groups, some reaching up to a million followers, indicates a significant public appetite for investment opportunities, coupled with a potential lack of financial literacy. Furthermore, the emergence of secondary scams, where "experts" or "lawyers" promise to recover lost funds for an upfront fee, highlights the predatory nature of this ecosystem. Investors are not only losing their savings but are also being trapped in a cycle of deception, underscoring the urgent need for greater public awareness and stricter regulatory enforcement.

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Now I don't know how to get my money back.