What is INVDOM?
INVDOM (INVDOM PYT LTD) is a platform that claims to offer forex and cryptocurrency trading services. You can find their official website at https://invdom.com/. Their team is primarily composed of Chinese individuals, and the domain was registered on March 14, 2024. Although it has not been established for long, it has already engaged in extensive fraudulent activities in Japan.
Fraud Tactics of INVDOM
- Romance Scam They reach out to potential victims through social media platforms like Line, Facebook, and LinkedIn. Scammers usually pose as investment experts, take time to build trust with the victims, and then guide them into investing.
- Guaranteed Returns Scam Scammers claim that INVDOM provides safe investment opportunities with guaranteed high returns. These so-called guaranteed returns are merely bait to make victims invest more money.
- Fake Trading Signals INVDOM provides false trading signals through fraudulent trading software. Victims believe they are engaging in real trading, but all the data is manipulated to make them think they are making profits, prompting further investments.
Suspicious Aspects of INVDOM
- Short Domain Registration Time INVDOM's domain was only registered on March 14, 2024. Such a short registration period is highly suspicious for a platform claiming to be well-established.
- Lack of Transparency There are no public records about the company's employees or actual office address. The platform operation is entirely opaque, making it impossible to verify its authenticity.
- Fake Trading Software The trading software used by INVDOM cannot be found in the market and is evidently self-developed or modified, aiming to deceive investors.
- Lack of Regulation Although INVDOM claims to be regulated by the Australian Securities and Investments Commission (ASIC), it is not regulated by any authority in Japan. Moreover, ASIC's Authorized Representative (AR) license does not cover forex margin trading and cryptocurrency trading, meaning INVDOM operates without regulation.
- Funds Safety Issue The funds invested by victims do not go into a third-party regulated account but directly into INVDOM's private accounts. This operation puts investors' funds at risk, making them susceptible to misappropriation or misallocation.
Consequences of the Scam
When victims attempt to withdraw their funds, INVDOM refuses under various pretenses, such as requesting payment for alleged taxes. Even if victims pay these fees, they still cannot successfully withdraw their funds. Many victims suffer significant losses, unable to recover their initial investments, and even incur additional losses from various fees.
What to Do If You Are Scammed?
If you have unfortunately fallen victim to INVDOM or similar platforms, here are some suggested steps:
- Stop Any Further Investments Immediately As soon as you suspect you may have been scammed, stop investing more funds to prevent further losses.
- Save All Communication Records Keep all chat logs, emails, and transaction records with the scammers, as these will be crucial evidence for your subsequent fund recovery efforts.
- Report to Relevant Authorities File a report with the local police, and contact relevant financial regulatory agencies to report the scam. You can also seek assistance from anti-fraud organizations.
- Seek Legal Assistance If the loss amount is significant, it is advisable to hire a lawyer to recover the defrauded funds through legal means. A lawyer can help you understand relevant laws and regulations and develop a strategy for recovery.
- Stay Vigilant Against Future Scams Stay alert in the future to avoid falling victim again. Thoroughly verify the credentials of any investment platform and choose regulated trading platforms.
We hope this article helps more people recognize the fraudulent techniques used by INVDOM and similar platforms, protecting their property and ensuring their safety. Investments come with risks. Make informed choices and do not be lured by high returns. Stay clear-headed to avoid becoming a fraud victim.
