I recently learned about a project called Xinkangjia, which specializes in scamming the elderly. It's the kind of pyramid scheme that preys on seniors who don’t know how to use smartphones. There are numerous loopholes, yet many elderly people firmly believe they can become rich 100%... with an annual return as high as 600%. There are also teachers guiding them, and classes being held... The withdrawal process takes 5 days, and to withdraw everything takes a month... This project absurdly claims to use big data, with professional teachers managing foreign exchange, crude oil, and gold trading, and it cooperates with the DGCX exchange, claiming to be legal and compliant in China.
1. No exchanges are allowed to exist in China!
2. The DGCX official statement says they have never cooperated with any Chinese company.
3. The DGCX does not have an Android client.
4. They claim the teachers help make money in foreign exchange, crude oil, and gold, but in reality, it's just cryptocurrency trading...
5. Data is fabricated; if Bitcoin rises by 100 points, they claim to earn $11, and if Bitcoin rises by 0.02 points, they also claim to earn $11...
6. Multiple official Chinese departments have named Xinkangjia as potentially involved in pyramid scheme funding.
Concern for the elderly, please do not be deceived!
