Chinese Fraudsters Exploit Economic Struggles with Squid Game-Inspired Schemes

Reported 1 day ago

In a disturbing trend in China, fraudsters are mimicking the themes of the hit series Squid Game to exploit those struggling with debt during the economic downturn. Participants in isolation challenges, which promise large cash prizes for adhering to strict rules, are finding themselves scammed, as courts have ruled some schemes unfair. Regulators are warning the public about deceptive debt relief claims, where intermediaries charge exorbitant fees under the guise of helping with debt restructuring and credit repair, further victimizing those already in financial distress.

Source: YAHOO

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