What is the liar snowball fund?

The liar snowball fund is an illegal fund that defrauds investors of funds through false promises and false propaganda. This kind of fund usually claims to have a high rate of return in the securities market, and even claims to be a state-level fund, involved in a hot project or industry. In order to convince the deceived people of these false promises, swindlers will also use various means to cheat, such as forging statements, creating false publicity and word of mouth, or providing investors with wrong investment advice, thus putting them in danger.