Common financial fraud techniques

Financial fraud refers to the act of defrauding public and private property or the credit of financial institutions by fabricating facts or concealing the truth for the purpose of illegal possession, and disrupting the order of financial management. Telecom fraud and illegal fund-raising are the most common methods of financial fraud today. They have novel methods, rapid updates, and a wide range of target groups.

Telecommunications fraud refers to illegal elements fabricating illusory information and configuring scams through phone calls, the Internet and text messages to carry out remote, non-contact fraud on victims, and induce victims to send money or transfer money to illegal elements. criminal behavior.

In June 2017, a colleague’s Weibo account was stolen while traveling overseas, and domestic fraudsters transferred more than 50,000 yuan in four installments. Its fraud characteristics generally include: sending in bulk to all close friends, casting a wide net; committing crimes in a team, with strong anti-investigation capabilities; generally taking advantage of the time period at night when people are relatively relaxed and less defensive; taking advantage of the time difference between domestic and international countries, which makes information communication relatively inconvenient.

Illegal fund-raising often occurs around us. The most famous "Ponzi scheme" is the name for investment fraud in the financial field. It is the ancestor of the pyramid scheme. In China, this type of scam is also known as "Ponzi scheme". The wall makes up for the Western wall", "the white wolf with empty gloves". In short, it is to use the money of new investors to pay interest and short-term returns to old investors in order to create the illusion of profit and thereby defraud more investments. Once the capital chain is broken, the scam will also reveal its loopholes.

The defunct "Xuubao" expanded rapidly within a few years of its establishment. It claims to have invested in more than 30 companies, covering more than 10 provinces and cities in China, and has over 100 million registered users. According to data published on its website, the transaction amount has exceeded 50 billion yuan. In the middle of 2017, the headquarters of "Xuubao" was vacated and finally disappeared. At the same time, investors found that they could no longer withdraw cash from the APP. At the end of 2017, its actual controller surrendered to the public security organs on suspicion of illegal crimes.

Tiannong Finance is led by a safe agricultural supply chain financial model. The platform data information is publicly displayed to the outside world, and the risk control measures are constantly updated and replaced, and it is dedicated to providing excellent services to the Chinese financial community.