News: A famous TV program "Looking Around" (東張西望) reported USD 38 Million Online Fraud Case 東張西望｜投資陷阱導致過億財產人間蒸發
A famous TV Program "Looking Around" in Hong Kong (TVB) reported a HKD 300 Million (USD 38 Million) online fraud case. The case describes about suspects including Mr. Chan, which was also reported in a newspaper in Hong Kong on 26-Jan-2022: Former Famous Teacher Suspected in A Fraud with 100 People In 300 Million Dollars (前補習名師教投資 涉呃百人3億元) Mr. Fred CHAN (CHAN Yiu Fai Fred) (陳耀輝 Fred)
陳耀輝聲稱可透過其公司團隊投資外匯賺錢。
Fred Chan said that his team could earn money through investing foreign exchanges
From above hyperlink of Orientaldaily.on.cc:
陳小姐約在一年前透過朋友認識前補習社導師及中學助理校長陳耀輝（Fred Chan）的網上個人頻道，教人投資、買股票，而陳耀輝向網友表示，可透過他的公司團隊投資外匯賺錢，每月交易，一年後可獲得10%回報。陳小姐認為Fred Chan是前補習社導師及中學教師，不虞有詐，就此投資了10萬元。不過，陳小姐最近發現其戶口的本金只剩下3%，其餘的97%已蒸發。陳小姐和其他投資者遂向Fred Chan查詢，Fred Chan指早前身體不適，已將公司交由他人處理，因此並非由他投資。
曾被控欺詐考評局酬金
(Translated in English)
Ms. Chan learnt the online YouTube channel of Fred Chan, who was the former famous teacher of the tutoring school and the assistant principal of a college through a friend about a year ago, and Fred Chan taught people how to invest and buy stocks. Mr Chan Yiu Fai told the online members (of his YouTube channel) that he could invest in foreign exchange through his company team, to make money by trading monthly to get 10% return after one year (the victim corrected: it should be after one month). Ms. Chan believed Fred Chan as he was a former famous teacher and a college teacher, so she invested HKD 100,000. However, Ms. Chan recently discovered that only 3% of the principal in her account was left, and the remaining 97% had evaporated. Ms. Chan and other investors then inquired about Fred Chan. Fred Chan said that he was unwell earlier and had already handed over the company to others, so he did not invest.
TVB YouTube Re-cap video: https://youtu.be/IIk1ubtg5yE (Channel of TVB USA in Hong Kong)
東張西望｜投資陷阱導致過億財產人間蒸發
A famous TV program "Looking Around" (東張西望) reported a 300-million HK-dollar (around US$38,709,677) online fraud event which involved more than 150 people. The news is also posted in some Hong Kong news media in February 2022:
Newspaper hyperlink: 東張西望︱三億港元投資陷阱？ 前補習名師涉呃錢：多啲為我祈禱
Mr CHAN (TV Screen Capture)
The TVB (TVB) information program "Looking Around" (東張西望) has always been dedicated to exposing injustices in the city. Tonight (8th Feb 2022) one episode revealed a suspected foreign exchange investment trap, involving more than HK$300 million! More than 100 people including Mr. T (pseudonym) and Mr. P (pseudonym) joined an investment group on an online crowdfunding platform earlier. The promoter, Mr. Chan even promised a monthly rate of return of 5% to 10% on his foreign exchange positions and the Patreon members shared the income with him equally to make donation. Fred said, "We will give you 10-20% of the profit. Let's donate it, and help students in need... To be honest, I don't even have the patience to help others. I don’t want to wait for money, and I don’t want to take everyone’s money away. I want everyone to do good deeds while earning money.”
無綫（TVB）資訊節目《東張西望》一向致力揭發城中不公義事件，今晚（8/2）一集便踢爆一宗疑似外匯投資陷阱，金額更涉及三億港元！事源T先生（化名）和P先生（化名）等過百人早前加入了一個網上眾籌平台中的投資群組，發起人陳先生更承諾其外匯倉每月回報率有5至10%，一眾會員與他平分收入：「我哋會將其中嘅錢，你預10至20%，會捐咗去，會幫助有需要嘅學員……講真，我好耐都冇幫人做操盤，今次都主要都係為咗呢方面嘅需要，我唔係好等錢使，亦都唔想拎大家嘅錢較飛，我係想大家賺到錢之餘又做到善事。」
The former famous teacher (and ex-college principal), Mr Chan, was accused of money fraud, involving 300 million Hong Kong dollars. (TV screen)前補習名師陳先生被指呃錢，金額牽涉三億港元。（電視畫面）
Later, Mr. T, Mr. P and other people signed an authorization letter for Mr. Chan to start investment on Foreign exchange in a broker Vantage Fx. Among them, Mr. T even borrowed money from the bank and his family to increase the investment amount: "I once tried to make more than ten to two hundred thousand dollars a day... I tried. After receiving the monthly statement, I made almost a million or tens of thousands." However, Mr. T's account clearly had 5 million (HK dollars) in early December, but only HKD 180,000 left on December 8, and his assets had evaporated about 97%. He couldn't help crying when he got it: "I can't believe it's true. It feels so miserable and it seems that this world can't be trusted any more. Some money come from my family and I do not dare to tell them”. “I didn’t dare to talk to any family member, and some are from the bank loans. The life becomes very difficult now, and suddenly I become the poor.” (crying)
(Photos from news media HK01)
According to TV program "Looking Around", Mr. Chan, who has run away and is currently in the UK, was not only a former famous tutoring teacher, but also an assistant principal of a college. He is also well-known in the KOL world in YouTube, talking about investment. He also tried "Sheung Shui" (a Chinese term) i.e. to explain the situation to the people involved after he was accused of cheating. "Some of you don't trust me anymore.. I totally understand. I have confidence in helping you get the money back. To be honest, I want to get the money back the most... As some friends say, if I'm a liar, I'll go away. and I don't need to be here to tell you again and again. And I don't need to hear your news again. If you're a Christian, do more for me. Pray that I want to be wise. And I can get back the money and the losses, at least half of the money." He also called on members to "pay" another $10,000 to earn back the losses.
Mr. Chan said he is not a liar. (TV screen) 陳先生指自己不是騙子。（電視畫面）
However, both Mr. T and Mr. P decided not to believe Mr. Fred Chan any more. Among them, Mr. P even said that Mr. Chan deliberately concealed the fact that he had already suffered losses in July (by not settling the trade in July, and only settling the trade which has a positive gain to create a "profit" illusion): "I don't know how the broker can cooperate with him to deceive our money!" Although a group of victims have reported to the police in Hong Kong and in the UK, but they claimed that the police have not taken any action. A lawyer accepted the interview (from TV) with the host Miss NG. The lawyer also pointed out that the person involved was outside Hong Kong, and it would be quite difficult to accuse Mr Chan. In addition, the TV program also stated that Mr. Chan should have violated the law in Hong Kong to do investment on foreign exchange without the Hong Kong license in the SFC, even though the victims signed agreement with him.
The TV host (Miss Ng) has tried to contact Mr Chan for many times but failed.
----- Discusssion link about this case among Hong Kong people: https://lihkg.com/thread/2878001/ -----
Fred was found to withdraw a large amount of money from the broker (victims' broker company "Mutibank Fx") before he left Hong Kong, urging the company:
Appendix:
Question: 你怎麼知道操盤者一直隱瞞輸單？有什麼證據？
Answer: 證據就在你們(受害者)的月結單和爆倉當日的日結單上面的”master trade #xxxxx”可以找到蛛絲馬跡。外匯平台中每一個交易都有一個獨立的交易號碼，而該些交易號碼在同一賬戶同一段時間內是是連續的，例如操盤手連續下了三張訂單，則該些交易號碼會是 52153、52154、52155。
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This case was reported to the police both in Hong Kong and in the UK: (Info provided by the victims)
Police Report Case Number(s):
1) Hong Kong: WCH RN 21046066 - the main (Hong Kong) police case report number, ccbrn21002109
Being investigated by CCB (Commercial Crime Bureau)
2) HK Police Electronic (online) report case number: ERC2112101090544
3) HK Police Electronic (online) report case number: ERC2112231094951
4) UK: National Fraud & Cyber Crime Report Centre: Crime reference number = NFRC211204908942
5) UK: SAR ID: 1363963 submitted to NCA (National Crime Agency)
The victims would like to contact Mr Fred Chan (CHAN Yiu Fai) and his family, and hope that he could come back to Hong Kong. The victims were friends, ex-colleagues and students of Mr Fred CHAN and Jessie HO.
They would like to know where the Chan's family are. You could contact the victims for help.
Please feel free to report any update news or comments to the authors by email: solomon.complaints.mb (at @ ) gmail.com
Thanks for watching!!!!!
Take care and hope the victims well
回覆刪除agree. Also hope that the police and the authorities can do.
回覆刪除