In the previous article, we discussed the current situation of ASJ, an online forex broker. In todays article, we will focus on the basic operating model of ASJ. It is significant for the public to understand how this broker runs its business and how it took money away fraudulently by inducing people into its trap.
Establish chatting group
In order to manage investors in a more efficient and organized way, ASJ set up a series of chat groups. These groups would become tools for ASJ to defraud investors. ASJ sets a number of principles for these chat groups. For example, all the people who enter the group have the task of expending new members, that is, bringing more people into the group. ASJ rewards people for inviting people into the groups, and kicks people out of the group if they can not expand new members. This is a typical Ponzi Scheme. They cheat new members out of money and give benefits to those who join earlier.
Use a fake siganl to induce people to invest
They tied their best to persuade investors to open an account, and eventually make you deposit more money by giving some rewards at the beginning. Once the scam becomes so obvious, they will take your money away without giving your any response.
ASJ used various excuses to suspend users accounts
If someone violates ASJ‘s rules, such as suspected of money laundering, illegal operation, or even just offended the superiors, not only his own account will be frozen, all his downlines’ accounts will be blocked. These people may not have done anything against the rules, but they have to suffer the penalty just because someone else made a mistake. This is an extremely unfair and unreasonable provision. After all, the majority of investors have no way of verifying whether or not he really broke the rules. Their information is just from a notice from ASJ staff.
ASJ does not allow investors to withdraw money as long as your money is under their control.
Conclusion
The goal of ASJ‘s operation mode is to take many investors’ money away fraudulently. It is a typical Ponzi Scheme that you should avoid immediately.
If you want to know more information about how ASJ runs its money game, you can see the previous relative article. Warning: Investing in ASJ can threaten your fund security
