Reported 12 months ago
A well-known real estate tycoon with a net worth exceeding billions fell victim to scams over 21 times, losing tens of millions of dollars. The victim, known for his high-value transactions, was targeted by a fraud group that impersonated a company and lured him into investing through an app, manipulating him to continuously add funds. Despite being a VIP customer, the bank did not raise suspicions, leading to multiple large transactions that totaled over 17 million USD. Eventually, the scammers were caught during a face-to-face transaction, where fake cash was seized, exposing a network of young individuals posing as investment professionals. The incident highlights flaws in bank procedures and the increasing targeting of wealthy individuals for fraud schemes.
Source: YAHOO