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> Cashlesspaygroup.com and cryptocurrency, Alert! Scam and False CNBC news

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TSsharp56
post Oct 18 2018, 03:04 PM, updated 11 months ago

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I was enticed by a CNBC news posted by someone in Facebook that Singapore has recently adopted digital currency albeit Cryptocurrency in making Singapore a cashless society. It went on to say the news reporter in CNBC tried out by purchasing some units of cryptocurrency to test out how easy it was to purchase the digital currency and she made some gains out of it. There was a link to cashlesspaygroup.com in the facebook. Stupidly in haste relying on the CNBC news, I click on the link and made an investment of RM5,000.

Only later I found out the CNBC news was fake as there were no such news on CNBC website. After making the payment there was no reply and so I checked the website of cashlesspaygroup.com. The website seems to be fake also as the links and contacts were not operateable.

Later, I was emailed and contacted by a company called CFD Corporate (located in some offshore tax haven islands) which I later found out to be a Forex and Crypto broker welcoming me in opening an account with them. They said I had deposited an amount of US$1,200 and asked me to furnish proof of my personal identification and address. I made a search on CFD Corporate and found that the broker was unregulated and not having good reputation. In all these events, I had no choice to choose or review the broker or the recipient of the bank transfer. It just happen out of the blue after my online transfer of fund.

I realised that I had been duped and made a police report as well as lodging a complaint to Maybank in which I made the bank online fund transfer.

CFD Corporate said I can ask for a refund of my deposit. Will I be able to see the return of RM5,000 to me?

I would appreciate on some expert advice how to deal with the problem at hand.

This post has been edited by sharp56: Oct 23 2018, 02:04 PM
Ramjade
post Oct 18 2018, 03:08 PM

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QUOTE(sharp56 @ Oct 18 2018, 03:04 PM)
I was enticed by a CNBC news posted by someone in Facebook that Singapore has recently adopted digital currency albeit Cryptocurrency in making Singapore a cashless society. It went on to say the news reporter in CNBC tried out by purchasing some units of cryptocurrency to test out how easy it was to purchase the digital currency and she made some gains out of it. There was a link to cashlesspaygroup.com in the facebook. Stupidly in haste relying on the CNBC news, I click on the link and made an investment of RM5,000.

Only later I found out the CNBC news was fake as there were no such news on CNBC website. After making the payment there was no reply and so I checked the website of cashlesspaygroup.com. The website seems to be fake also as the links and contacts were not operateable.

Later, I was emailed and contacted by a company called CFD Corporate (located in some offshore tax haven islands) which I later found out to be a Forex and Crypto broker welcoming me in opening an account with them. They said I had deposited an amount of US$1,200 and asked me to furnish proof of my personal identification and address. I made a search on CFD Corporate and found that the broker was unregulated and not having good reputation. In all these events, I had no choice to choose or review the broker or the recipient of the bank transfer. It just happen out of the blue after my online transfer of fund.

I realised that I had been duped and made a police report as well as lodging a complaint to Maybank in which I made the bank online fund transfer.

CFD Corporate said I can ask for a refund of my deposit. Will I be able to see the return of RM5,000 to me?
*
High chance no. Once is out of Malaysia is not within Malaysian banks or police anymore.

Now is up to goodwill of the company whether they want to refund you or not.
User9876548
post Oct 19 2018, 10:16 PM

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QUOTE(sharp56 @ Oct 18 2018, 03:04 PM)
I was enticed by a CNBC news posted by someone in Facebook that Singapore has recently adopted digital currency albeit Cryptocurrency in making Singapore a cashless society. It went on to say the news reporter in CNBC tried out by purchasing some units of cryptocurrency to test out how easy it was to purchase the digital currency and she made some gains out of it. There was a link to cashlesspaygroup.com in the facebook. Stupidly in haste relying on the CNBC news, I click on the link and made an investment of RM5,000.

Only later I found out the CNBC news was fake as there were no such news on CNBC website. After making the payment there was no reply and so I checked the website of cashlesspaygroup.com. The website seems to be fake also as the links and contacts were not operateable.

Later, I was emailed and contacted by a company called CFD Corporate (located in some offshore tax haven islands) which I later found out to be a Forex and Crypto broker welcoming me in opening an account with them. They said I had deposited an amount of US$1,200 and asked me to furnish proof of my personal identification and address. I made a search on CFD Corporate and found that the broker was unregulated and not having good reputation. In all these events, I had no choice to choose or review the broker or the recipient of the bank transfer. It just happen out of the blue after my online transfer of fund.

I realised that I had been duped and made a police report as well as lodging a complaint to Maybank in which I made the bank online fund transfer.

CFD Corporate said I can ask for a refund of my deposit. Will I be able to see the return of RM5,000 to me?

I would appreciate on some expert advice how to deal with the problem at hand.
*
I fell into the same trap! Did you manage to solve your problem? how? please help

This post has been edited by User9876548: Oct 19 2018, 10:17 PM
TSsharp56
post Oct 22 2018, 05:20 PM

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QUOTE(User9876548 @ Oct 19 2018, 10:16 PM)
I fell into the same trap! Did you manage to solve your problem? how? please help
*
1. I lodged complaints to:
i) Police (make police report)
ii) My payment bank (Maybank) with police report attached.
iii) Bank Negara Malaysia -->http://www.bnm.gov.my/bnmlink/
iv) CCID commercial crime division of Police HQ KL thru online complaint --> http://ccid.rmp.gov.my/semakmule/
v) email complaint to MCMC --> https://aduan.skmm.gov.my/ --> email to secretariat@cmcf.my
vi) E-Aduan Consumer Tribunal --> https://eaduan.kpdnkk.gov.my/

The above actions taken is to hope for the accounts of Happy Garden 88 Enterprise bank account to be frozen as quickly as possible. If more people complain, there is a likelihood of the scammer's account be frozen thus preserving a small chance of our money returned. The scammer will be caught and he would not be able to open any bank account in future.

Please lodge these complaints if you have not already done so. You can do it online.

2. At the same time, I am pursuing communication with CFD Corporate, the investment/currency broker in Marshall Island (offshore company near to Switzerland) to refund my deposit in total. So far it seems that they are reluctant to do so. I haven't given up yet.

3. Last resort if all actions should fail, I intend to request CFD Corporate to buy some genuine Bitcoin currency to keep in my digital wallet. At least I can use it to purchase things online rather than totally loss of money.

This post has been edited by sharp56: Oct 22 2018, 05:37 PM
MUM
post Oct 22 2018, 05:26 PM

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QUOTE(sharp56 @ Oct 22 2018, 05:20 PM)
1. I lodged complaints to:
i) Police (make police report)
ii) My payment bank (Maybank) with police report attached.
iii) Bank Negara Malaysia
iv) CCID commercial crime division of Police HQ KL thru online complaint
v) email complaint to MCMC
vi) E-Aduan Consumer Tribunal

The above actions taken is to hope for the accounts of Happy Garden 88 Enterprise bank account to be frozen as quickly as possible. If more people complain, there is a likelihood of the scammer's account be frozen thus preserving a small chance of our money returned.

Please lodge these complaints if you have not already done so. You can do it online.

2. At the same time, I am pursuing communication with CFD Corporate, the investment/currency broker in Marshall Island (offshore company near to Switzerland) to refund my deposit in total. So far it seems that they are reluctant to do so. I haven't given up yet.

3. Last resort if all actions should fail, I intend to request CFD Corporate to buy some genuine Bitcoin currency to keep in my digital wallet. At least I can use it to purchase things online rather than totally loss of money.
*
thumbup.gif very detailed plan....
but if for me,...I would do the option 3 now...instead of last resort.....
TSsharp56
post Oct 23 2018, 01:23 PM

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To the people who PM me privately,

I would advise all of you to lodge a police report against Happy Garden 88 if that is the person who received your money. In yesterday's news, the CCID police chief spoke that they are going to take action and freeze the bank accounts of scammers if there are 5 police reports lodge against a person.

http://www.thesundaily.my/news/2018/10/23/...ous-fraud-rings

As for CFD it is a catch 22 situation. If you don't sign the compliance they won't process your refund application. If you sign the compliance, there is a clause which says that they can take action against you (including non-refund of money) for saying bad things about them.

It is not as easy as to click on the refund button that our money will be returned. I have done that several days ago and there is absolute silence from their end.

I think the best way is to catch and twist the arm of their scammer agents such as Happy Garden 88 and these scammer agents would themselves put pressure on CFD to release the money to us. Or at least CFD knows that the Malaysian Govt and enforcement agencies are aware of their scam and ready to pounce on them that they will relent to repay us our money. As a start lodging police reports would make a difference. Don't keep quiet and accept our loss as that will encourage them to be more blatant in treating us as 3rd world country peasants.

We, as victims, should group together and that will give us louder voices to demand actions from our very own Malaysian enforcement agencies (police, BNM, MCMC, etc) and also remedial actions from CFD. If you know someone who has been scammed, ask them to join this group. Together we can make a difference.

This post has been edited by sharp56: Oct 23 2018, 01:57 PM
jack2
post Oct 24 2018, 08:17 AM

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I don't think it is scam.

It is such the advertisements made by forex broker so called CFD xxx blah blah on trade Bitcoin or whatever and you click it, open account, make deposit via their so called local bank transfer partner Happy Garden 88 Enterprise blah blah.

By then, the broker called you for verification of account and then they will fund you account in your forex account blah blah blah like MT4 and let you trade.

This is so called what she gained....blah blah

A lot of this type of advertisement during watching YouTube blah blah...
TSsharp56
post Oct 24 2018, 11:07 AM

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QUOTE(jack2 @ Oct 24 2018, 08:17 AM)
I don't think it is scam.

It is such the advertisements made by forex broker so called CFD xxx blah blah on trade Bitcoin or whatever and you click it, open account, make deposit via their so called local bank transfer partner Happy Garden 88 Enterprise blah blah.

By then, the broker called you for verification of account and then they will fund you account in your forex account blah blah blah like MT4 and let you trade.

This is so called what she gained....blah blah

A lot of this type of advertisement during watching YouTube blah blah...
*
You still think the following fake news by CNBC is not a scam?[B]


user posted image


user posted image

This post has been edited by sharp56: Oct 24 2018, 12:25 PM
jack2
post Oct 24 2018, 11:09 AM

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QUOTE(sharp56 @ Oct 24 2018, 11:07 AM)
user posted image
user posted image
You still think the above fake news by CNBC is not a scam?
*
When you click it, it links to CFD website and do Registration?
TSsharp56
post Oct 24 2018, 11:18 AM

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QUOTE(jack2 @ Oct 24 2018, 11:09 AM)
When you click it, it links to CFD website and do Registration?
*
No..Nowhere is it mentioned about CFD or is it linked to CFD.

All the links in the phishing CNBC website (including facebook, twitter and even contact) lead to cashlesspaygroup.com which is the payment landing page.

I checked with CNBC there is no such news. Read the ""breaking news : singapore shocks the world with a new currency"" and Lee Hsien Loong and Sir Richard Bronson endorsement. Obviously it is fake news. Enticement with fake news not a scam?
jack2
post Oct 24 2018, 12:01 PM

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QUOTE(sharp56 @ Oct 24 2018, 11:18 AM)
No..Nowhere is it mentioned about CFD or is it linked to CFD.

All the links in the phishing CNBC website (including facebook, twitter and even contact) lead to cashlesspaygroup.com which is the payment landing page.

I checked with CNBC there is no such news. Read the ""breaking news : singapore shocks the world with a new currency"" and Lee Hsien Loong and Sir Richard Bronson endorsement. Obviously it is fake news. Enticement with fake news not a scam?
*
After linked to cashlesspaygroup, then what is next step?

Can you elaborate till the transfer level why it is paid to Happy88?
TSsharp56
post Oct 24 2018, 12:37 PM

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QUOTE(jack2 @ Oct 24 2018, 12:01 PM)
After linked to cashlesspaygroup, then what is next step?

Can you elaborate till the transfer level why it is paid to Happy88?
*
All CNBC links leads to payment landing page of cashlesspaygroup.com. Here's their website - see for yourself

https://cashlesspaygroup.com/

No mention of CFD at all. After entering details and bank payment preference, it leads to bank payment with TAC and successful payment. At this stage the bank receipt showed Happy Garden 88 with its Maybank account no. 514208630392. All the links in the website are not operateable and there is no way of contacting them.

Only about 1 day later I received many calls from overseas which I later learned was CFD Corporate, an unregulated investment/currency broker operating in Marshall Island, off Switzerland.

This post has been edited by sharp56: Oct 24 2018, 12:41 PM
CFD Corporate
post Oct 26 2018, 04:30 PM

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Dear Sirs,

If affected, we would like to hear more from you in relation to the contents of this threat directly. Please contact us by email at support@cfdcorp.co or legal@cfdcorp.co or by phone at +41–565087166 stating your case so as to be immediately directed to the responsible person.

Notwithstanding the above we must set some facts straight.

We do not actively solicit clients and all clients sign up with our Company on their own free will.

You say you’ve been dubbed but not by us. As you can see from our website we are not running any scams and always act in a very transparent manner as well as disclose the risks involved with online trading which in turns allows our clients to make an informed decision on whether they want to use our services. Deposits are at the client’s sole discretion and we have no involvement in any such decisions.

We hereby deny all allegations herein contained and would very much like to directly communicate with you to resolve from what it seems the exploitation by third parties of our Company’s name.

Yours sincerely,
CFD Corporate

jack2
post Oct 26 2018, 04:36 PM

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QUOTE(CFD Corporate @ Oct 26 2018, 04:30 PM)
Dear Sirs,

If affected, we would like to hear more from you in relation to the contents of this threat directly. Please contact us by email at support@cfdcorp.co or legal@cfdcorp.co or by phone at +41–565087166 stating your case so as to be immediately directed to the responsible person.

Notwithstanding the above we must set some facts straight.

We do not actively solicit clients and all clients sign up with our Company on their own free will.

You say you’ve been dubbed but not by us. As you can see from our website we are not running any scams and always act in a very transparent manner as well as disclose the risks involved with online trading which in turns allows our clients to make an informed decision on whether they want to use our services. Deposits are at the client’s sole discretion and we have no involvement in any such decisions.

We hereby deny all allegations herein contained and would very much like to directly communicate with you to resolve from what it seems the exploitation by third parties of our Company’s name.

Yours sincerely,
CFD Corporate
*
Do you have any job opportunity for Malaysian market? biggrin.gif
TSsharp56
post Oct 28 2018, 07:25 PM

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QUOTE(CFD Corporate @ Oct 26 2018, 04:30 PM)
Dear Sirs,

If affected, we would like to hear more from you in relation to the contents of this threat directly. Please contact us by email at support@cfdcorp.co or legal@cfdcorp.co or by phone at +41–565087166 stating your case so as to be immediately directed to the responsible person.

Notwithstanding the above we must set some facts straight.

We do not actively solicit clients and all clients sign up with our Company on their own free will.

You say you’ve been dubbed but not by us. As you can see from our website we are not running any scams and always act in a very transparent manner as well as disclose the risks involved with online trading which in turns allows our clients to make an informed decision on whether they want to use our services. Deposits are at the client’s sole discretion and we have no involvement in any such decisions.

We hereby deny all allegations herein contained and would very much like to directly communicate with you to resolve from what it seems the exploitation by third parties of our Company’s name.

Yours sincerely,
CFD Corporate
*
Dear CFD Corporate,

I noted that you have been alerted to this forum and am glad that you choose to defend yourself here instead of slinking off like some other defrauders do.

Do note that I accused cashlesspaygroup.com and the recipient of my money, Happy Garden 88 Enterprise, as the ones who are the scammers who enticed unsuspecting victims with fake news detailed above. You have disassociated yourself from these two parties and unless you admit that these two parties represented you, never did I accuse CFD Corporate of running any scam. They will be subject to investigation and will face the full force of the law in Malaysia if they are found to be guilty of any offence.

Nevertheless, my money ultimately landed up with CFD Corporate. I never had the chance to willingly choose CFD Corporate because the fake news carried in a sponsored facebook advertisement which lead directly to a fake CNBC website and then to cashlesslessgroup.com that my money ultimately ended up automatically with CFD Corporate. Willingly signing up with CFD Corporate is hardly the appropriate word; online deception by kidnapping/funneling to your corporate account would be the more appropriate words.

Unless you can point to me when and where did CNBC carry the above news and that Messrs Lee Hsien Loong is the Deputy Finance Minister (not the Prime Minister) of Singapore, then I could accept the news as genuine.

You said you would very much like to directly communicate with me. In fact, I have communicated directly with your company and requested through emails and online chat no less than 6 times for the refund of my deposit over the last week. In spite of this, I did not receive any email reply or response from your company.

In order to prove that you are not in any way involved or conspired with the above two parties to scam unwitting victims with fake news, I look forward to your quick resolution of my refund. I have PMed you separately the details of my account and deposit.

Thank you for participating in this forum and explaining yourself.

This post has been edited by sharp56: Oct 28 2018, 07:27 PM
jclee
post Nov 3 2018, 10:52 AM

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I almost fall into the same trap too. Luckily i check the website URL, studenties.com, why a CNBC webpage will appear in a different host other than CNBC.com ?

To further confirm whether it's a genuine site, I went straight to the homepage of studenties.com, and wala, it's a site selling some nonsense game.

Without further wasting my time, I click to report the news as scam in facebook smile.gif
jclee
post Nov 3 2018, 10:56 AM

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To add on, no government will like Cryptocurrency, they will lose control over their currency if so.
TSsharp56
post Nov 5 2018, 01:04 PM

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QUOTE(jclee @ Nov 3 2018, 10:52 AM)
I almost fall into the same trap too. Luckily i check the website URL, studenties.com, why a CNBC webpage will appear in a different host other than CNBC.com ?

To further confirm whether it's a genuine site, I went straight to the homepage of studenties.com, and wala, it's a site selling some nonsense game. 

Without further wasting my time, I click to report the news as scam in facebook smile.gif
*
I see that the scammers have abandoned cashlesspaygroup.com and use a new website studenties.com to continue their nefarious purpose. After my many reports to the various Malaysian authorities above, the authorities would have caught on with cashlesspaygroup.com. I was informed that their bank accounts here in Malaysia have been freezed by the banks and police.

Fortunately, you have not made any payments to the scam. I also noticed lately that this false CNBC news scam has increased in intensity instead of diminishing across facebook. That could only mean one thing - there are many more falling victims to the scam! It is good that you play your part in reporting that it is a scam thus saving a few more people from being scammed.
joshua01
post Nov 9 2018, 04:47 PM

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QUOTE(sharp56 @ Oct 22 2018, 05:20 PM)
1. I lodged complaints to:
i) Police (make police report)
ii) My payment bank (Maybank) with police report attached.
iii) Bank Negara Malaysia -->http://www.bnm.gov.my/bnmlink/
iv) CCID commercial crime division of Police HQ KL thru online complaint --> http://ccid.rmp.gov.my/semakmule/
v) email complaint to MCMC --> https://aduan.skmm.gov.my/ --> email to secretariat@cmcf.my
vi) E-Aduan Consumer Tribunal --> https://eaduan.kpdnkk.gov.my/

The above actions taken is to hope for the accounts of Happy Garden 88 Enterprise bank account to be frozen as quickly as possible. If more people complain, there is a likelihood of the scammer's account be frozen thus preserving a small chance of our money returned. The scammer will be caught and he would not be able to open any bank account in future.

Please lodge these complaints if you have not already done so. You can do it online.

2. At the same time, I am pursuing communication with CFD Corporate, the investment/currency broker in Marshall Island (offshore company near to Switzerland) to refund my deposit in total. So far it seems that they are reluctant to do so. I haven't given up yet.

3. Last resort if all actions should fail, I intend to request CFD Corporate to buy some genuine Bitcoin currency to keep in my digital wallet. At least I can use it to purchase things online rather than totally loss of money.
*
I am not expert in CfD. But these brokers are not helping u to buy bitcoin. They are speculating the difference of the forex trading. They don't have any coin products. You may loose more money and have to pay back to CFD of the loses. They even gave you bonuses to trade with strict term n condition where u must trade x number of time before u can withdraw money.

Try ur best to get back ur money. Don't sign any agreement as they will used it against u.

Check out this link as well: https://www.forexpeacearmy.com/


 

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