report in The Daily Starm Aug 26m 2023
Around five lakh people might have been scammed by the cyber ponzi scheme Metaverse Foreign Exchange (MTFE), losing several thousand crores of taka, suspect the Criminal Investigation Department of police.
Most of the victims are from Dhaka, Barishal, Rajshahi, Cumilla, Naogaon, Kushtia, Brahmanbaria and Satkhira, said CID following primary investigation.
The aggrieved are advised to contact the CID Cyber Support Center to inform and report the fraudsters, said CID media wing additional police superintendent Azad Rahman…..
CID’s special police superintendent for Financial Crime unit, Basir Uddin, said that they have started a money laundering inquiry over the MTFE embezzlement.
“We came to know about this matter recently. We are gathering information from media and other sources,” he said.
MTFE, a so-called Dubai-based trading company, introduces itself as a trading service provider for online investment in foreign exchange, commodities, stocks, stock indexes and other products.
The CID said that MTFE launched a massive campaign through Facebook and YouTube saying that it is a way of easy income sitting at home, by which many investors got attracted.
Hundreds of Bangladeshi investors are now fearing that they may lose a big amount of money as MTFE has recently stopped providing payment to investors.
The CID said that not only MTFE, similar app-based multi-level marketing and cryptocurrency schemes are operating in Bangladesh illegally, and people should be cautious and alert
https://www.thedailystar.net/news/bangladesh/news/around-five-lakh-might-be-victims-cid-3402981
