"Your life will change once it goes public"... Overseas unlisted stock scam swallows 30 million won [Chosun Phishing Chronicles]

AI-generated image [Financial News] Mr.While looking into investing in overseas markets, such as the U. S.
, he came across an advertisement on social media for investing in unlisted overseas stocks. According to the Financial Supervisory Service on the 28th, the investment advisory firm in the advertisement introduced itself as providing investment opportunities in unlisted overseas stocks, which are difficult for ordinary investors to access, through an exclusive contract with a global investment firm.In particular, it explained that if one invests for the mid-to-long term of three years or more, one could earn a return of 3 to 5 times the initial investment when the companies go public. Mr.A was intrigued by the high returns, which were incomparable to savings accounts. Also, upon hearing that it was a regulated financial institution, A felt there was no reason to hesitate about investing.The company instructed A to deposit the investment funds into an account under the company's name, and A transferred 30 million won without any particular suspicion.Initially, the company explained that A could check the investment details through a mobile app.
However, after the transfer, A could not find the actual investment details, the contents of the investment contract, or the investment contract anywhere.Only the contract form was available for viewing, and the actual contract details could not be verified.The investment status screen on the mobile app also displayed only images containing the principal investment amount and logos of overseas unlisted companies; actual transaction history or stock holdings could not be confirmed.The company made excuses, claiming, "We cannot disclose details because we are not yet listed," but the situation did not change over time.
Feeling anxious, Mr.A demanded the return of his investment, but the company kept delaying payment and eventually cut off contact.The exclusive contract with a global investment firm touted by the company was false, and Mr.A's 30 million won was not invested in overseas unlisted stocks.The Financial Supervisory Service (FSS) emphasized that it is illegal for advisory firms to collect and hold investment funds from clients and to manage (invest) them.
The explanation is that advisory firms are only permitted to provide advice to clients, such as recommending stocks and presenting portfolio construction strategies.An FSS official "Financial companies must provide contract documents when entering into a contract regarding financial products with consumers," they urged, adding, "When entering into a financial contract through electronic means such as mobile apps, if the financial company does not provide a contract document, be sure to request it and verify the contents." There are those who have not only their money but their lives stolen by a single phone call.
AI-generated image [Financial News] Mr.AI-generated image [Financial News] Mr.
zoom@fnnews.com Lee Ju-mi Reporter