Wanting to help her father grow his pension funds, a woman decided to heed the advice of a forex fund manager, who claimed his investment fund provides a daily return of one per cent. But several months later, the fund manager started evading her queries, leaving the woman with no way to withdraw the rest of her investment funds. At...
Xu had invested more than $55,000 from March to November 2022 and earned $18,750 in interest.Wanting to help her father grow his pension funds, a woman decided to heed the advice of a forex fund manager, who claimed his investment fund provides a daily return of one per cent.
The woman surnamed Xu, 40, said a friend had introduced her to the man, Li Shipeng , who claimed to be a forex fund manager. "He kept saying that he was lacking in investments and short of money and had let us down. Then he said there were new investment opportunities and asked us to continue trusting him," she recounted.
She added she last saw Li in December 2023. He had returned $1,000 to her and promised to continue returning her money.Another victim, surnamed Lin, did the same after she was unable to recover her remaining investment amount of more than $30,000.
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