Abstract：On August 11, 2022, the Vietnam State Television(VTV) exposed FVP Trade scams to the public. The show gave a lengthy and comprehensive overview of the FVP Trade scam. The show lasted nearly six minutes. Just a short time ago, Vietnamese police arrested the Head of the FVP Trade Representative Office in Quang Binh, Vietnam.
On August 11, 2022, the Vietnam State Television(VTV) exposed FVP Trade scams to the public. The show gave a lengthy and comprehensive overview of the FVP Trade scam. The show lasted nearly six minutes. Just a short time ago, Vietnamese police arrested the Head of the FVP Trade Representative Office in Quang Binh, Vietnam.
A large number of investors fell victim to the dealer. The total value of the money FVPTrade has defrauded Vietnamese investors is now estimated to be more than $1m.
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https://www.wikifx.com/en/newsdetail/202208088224392245.html
According to VTV, FVP Trade has been offering promotions to lure investors into cash, such as giving away Mercedes cars, giving away gold coins... Not long ago, however, this unauthorized broker has frozen the funds in the accounts and would not let traders withdraw their money.
Many investors say they are now in trouble because FVP Trade defrauded them of their money. Some of them have lost the trust of their friends, family, and colleagues.
Right now, This broker has stopped trading, frozen all accounts and deleted data intended to misappropriate investors' property.
The Public security authorities of Vietnam preliminarily identified 225 investor participation accounts through the FVP trade office in Quang Binh with a total amount of more than VND16 billion. An emergency police search at the FVP trade office in Quang Binh province led to the seizure of many important stolen goods.
Experts suggested that those who suffered losses while illegally participating in forex platforms should report to the authorities as early as possible.
