TikToker Mr. Pips Pho Duc Nam and his accomplices created the website "artexvina.co" to recruit employees and build the image of a professional company in the field of international securities investment consulting.
TikToker Mr Pips Pho Duc Nam shows off his money and wealth from successful investments before being arrested - Photo: FBNV
As reported by Tuoi Tre Online , the police have dismantled a transnational fraud gang that appropriated assets through illegal investment in foreign exchange and securities exchanges led by TikToker Mr. Pips Pho Duc Nam, freezing assets estimated at more than VND5,200 billion.
The initial conclusion shows that Pho Duc Nam and his accomplices created the website "artexvina.co" to recruit employees and build the image of a company operating systematically and professionally in the field of securities investment consulting on international exchanges.
What's strange about the company related to TikToker Mr. Pips ?
According to the reporter's investigation, before being arrested, Artex Vina Company with the above website address claimed to be a member company of a foreign corporation, specializing in consulting on securities investment solutions in stocks of multinational corporations such as Facebook, Apple, Pepsi, Microsoft...
According to the business registration data system, this enterprise's main business is market research and public opinion polling. In addition, it also has management consulting activities (except financial, accounting, legal consulting)...
It can be seen that although not licensed to operate in the securities sector, Artex Vina continuously recruits personnel for securities investment consulting, foreign exchange and telesales (consultants, sales staff via phone).
This company's recruitment positions do not require experience, and new graduates are preferred, but the salary offered is up to 10 million VND with commission and bonus.
On some job forums, many members commented to probe the company's activities when they saw the recruitment information posted widely, with attractive income levels and no requirements for qualifications or experience. Some members even asked the question "is it a scam" when they saw the recruitment information continuously.
On the outside, the subjects used many tricks to show off their grand investment, but according to information from the business registration system, Artex Vina Company was registered with a charter capital of only 100 million VND.
Many risks when participating in international stocks, forex
The State Securities Commission has warned that it only grants operating licenses to securities companies that meet the conditions prescribed by the law on securities and the securities market.
Also according to the provisions of the securities law, only the Vietnam Stock Exchange and its subsidiaries, the Hanoi Stock Exchange (HNX) and the Ho Chi Minh City Stock Exchange (HoSE), are allowed to organize the securities trading market in Vietnam.
Apart from the above mentioned units, no organization or individual is allowed to organize and operate the stock market.
In addition, stock brokers and consultants must have certificates and practice licenses to advise investors.
However, recently, there have been many cases of individuals calling for and inviting investors to participate in securities transactions through international stock exchanges, international derivative securities, foreign exchange, etc., or intermediary companies connected to international stock exchanges.
Through information from scammers, many investors misunderstand that these are stock exchanges and securities companies that operate legally, under the management and supervision of the State Securities Commission.
In addition, the State Bank has not licensed any forex trading floors, people trading on these floors will have the consequence of being scammed.
To avoid falling into a scam, experts recommend that investors check the legal documents of the company they intend to invest in or entrust with, and the brokers. Information about the business is not too difficult to find nowadays.
The recommendations of the management agency or the intervention of the authorities are necessary. But the most important thing is to raise the vigilance and carefully study the information of the investors themselves when invited to invest in securities through stock exchanges and intermediary organizations to limit possible losses.
Source: https://tuoitre.vn/bat-ngo-ve-so-von-cong-ty-lien-quan-tiktoker-mr-pips-pho-duc-nam-20241211020424531.htm
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