Michael Chen, a China national, the CEO of MCC Markets, is a notorious scammer in the forex industry. He deceitfully presented himself as the Co-Founder of MCC Markets in the past, using this guise to orchestrate his fraudulent activities. Operating as a broker, Michael Chen established MCC with the sole intention of unlawfully seizing clients' assets. He cunningly cultivated the image of a successful CEO in the FX industry and developed relationships with IBs (Introducing Brokers) in Southeast Asia. His scamming method involved convincing IBs to promote MCC as a reputable and affordable broker for investors. Once IBs began bringing in clients, Michael engaged in a nefarious scheme of obstructing fund withdrawals for clients with baseless excuses. He then coerced the IBs to keep recruiting new customers to handle the backlog of unresolved withdrawal requests. However, even as new clients were brought in, Michael continued to delay payments to the older clients. On 12 July 2023, Michael made an official announcement that he was resigning from his position at MCC, despite still holding shares in the company. When confronted by the IBs about the pending withdrawal orders, he audaciously claimed that MCC had gone bankrupt, leaving the customers without access to their funds. The amount of money he fraudulently appropriated in Southeast Asian countries is estimated to be around USD$500k till date and this sum may be significantly higher due to many unreported victims among the IBs. In light of these appalling actions, it is evident that Michael Chen is a dangerous scammer, causing financial harm to innocent investors and IBs in the forex industry. Please beware of him as he may join another broker or open another brokerage under a different name to start scamming people again.