In connection with a crime syndicate that organized forex and cryptocurrency scams, Australian authorities have indicted four Chinese men based in Sydney. The fraudulent scheme that stole over 150 Australian dollars (100 million US dollars).

Aged 27, 24, and 2, the men involved in the investment scam had registered companies with the Australian Securities and Investments Commission (ASIC) to appear credible and opened accounts banks to then launder illegal products. The Australian Federal Police was first notified by the United States Secret Service (USSS) in August 2022.Following an investigation, the four men were charged with criminal offences.

Les victimes qui sont tombées dans l' Swindle were directed to fraudulent and legitimate investment applications dealing with forex trading. They then became aware of manipulated market data showing a false positive return on investment to encourage victims to participate.