Saafan Markets

FX1531539309

Taiwan

In April, I joined a Line group called "Soaring High," which included a teacher named Max and two assistants, XX Ying and XX Qiang. Initially, it was a stock group; from Monday to Friday, they would recommend a soaring stock to buy daily. Of course, there were both gains and losses. As we approached May 20th, they mentioned that the stock market outlook was not good and introduced a new investment plan called the "May 20th Compounding Plan." They invited their friend from the Piper Sandler institution, Mr. Yang Zongxing, to join. To participate, one needed to exchange cash for USDT through a broker to make deposits. After depositing, operations on gold trading (both selling and buying) would take place around 12:00 PM and 6:00 PM from Monday to Friday. Initially, the agreement was to pay the profit share after making withdrawals. However, when I wanted to withdraw, they changed the rule, stating that some students did not pay their share after withdrawing. Therefore, they shifted to requiring payment before withdrawal! This arbitrary change of rules also involved asking you to borrow money for the payment. Isn’t it supposed to be simple as making a withdrawal? I continuously communicated with them to let me withdraw first and promised immediate payment of my share once the money was withdrawn. But they insisted on receiving the profit share before allowing any withdrawals! A legitimate operator would want us to earn money as well as earn a share of the profits themselves. Their main interest seemed in earning this profit share, even encouraging others to take loans or use credit for investment! When I finished paying off the credit but couldn't withdraw, I realized it was a scam and stopped depositing more money! They threaten to freeze accounts if one cannot pay the share and unexpectedly retract links without warning! They expelled investors from the group making it impossible for them to withdraw their funds!

FX2529452296

Taiwan

The group's teacher is Max, let everyone participate in the "520 Compound Profit Project", said with Piper Sandler organization and yostlm cooperation The foreign exchange trader Yang Zongxing (yostlm) said that the operation of the project must be with the exchange merchant (Currency Shengke) to pay cash in person to obtain the virtual USD USD in order to be able to Meta Trader5 to operate foreign exchange, and the minimum amount of money to deposit! The minimum deposit is $100,000 and the requirement to share nearly half of the profits to the foreign exchange trader Each time the operation is notified by the group assistant coach Mika Liao, in the operation, because it is suspected that it is designed to be more than one transaction and instantly caused by the penetration of the position, the first time the anomaly said that it was the tiredness of the network I pressed more than once, I can only admit that I was unlucky, but after that I was divided into two orders, the first unit and the second are different, but the third extra is the same as the first unit, this should not be a problem of tiredness, it should not be a problem of the network. I guess it is not a problem with the progressive cells! (I lost 23,000 USD in total and still have a negative balance of 500 USD), now the foreign exchange trader (Yeung Chung Hing) demanded to make up the negative balance, otherwise it will result in a default of delivery.

ababab123

Taiwan

There was this chat group created by Max and teaching assistant Chen Xhan. Later, they invited Mr. Yang to join the cooperation and persuade everyone to participate in the compound interest plan. One day I told my teaching assistant Chen ZhiX that I wanted to withdraw money, and she said she would contact Mr. Yang to pay the share, but after the share was paid, the backend webpage could not be opened. Mr. Yang said that the account was checked for tax evasion, but in the end he said that I had to pay 30% income tax on the withdrawal amount before I could restore the backend login of the webpage. I felt like I was scammed.

chc5254

Taiwan

The foreign exchange dealer Yang Zongxing used the line group to attract investors. The platform had caused investors to suffer serious losses instantly. Later, the deposit and withdrawal website was closed without warning, no new website was provided, and no response was given to investors. The line group had also kicked out investors. There is no way to withdraw the balance on the account.

8124

Taiwan

The international forex broker (yostlm Saafan Marktes) claimed that it had recently held a so-called gold price difference compound interest investment (CFD) with a Taiwanese investment consulting company (Huanyu). The platform was registered in Saint Lucia on May 15, 2024, and it is not an NFA member for less than a year. As for the domestic investment consulting company (Huanyu), I learned through a phone call that the company does not have a so-called line group and compound interest investment plan, and is not a domestic legal futures trader. However, the international forex broker (yostlm) stated that the implementation of the plan requires face-to-face cash payment with the exchanger to obtain USDT virtual US dollars in order to trade foreign exchange on Meta Trader5. The minimum deposit amount is NT$100,000, and nearly half of the profit is required to be given to the forex broker. The platform did not set a negative balance protection, so the position was liquidated (more than US$5,000 and a margin of US$3,200). Now the forex broker (Yang Zongxing) requires the negative balance to be filled, otherwise it will sue in the name of the company (yostlm Saafan Marktes)... At the same time, I sent a letter to the Securities and Futures Bureau for verification. The domestic investment consulting company (Huanyu) has issued a statement on May 2, 2013 to clarify that the company will not conduct any advertising activities through social media, websites, television, radio, etc., to recruit members, recommend domestic and foreign stocks, and foreign exchange, and to operate on behalf of others. Therefore, it is determined that this foreign exchange platform is a platform with a very high risk of fraud.