This week, I joined an insightful discussion on the Ben and Emil Show podcast to shine a light on a massive problem I’ve been investigating: the proliferation of Chinese stock scams that are inundating the Nasdaq. It is a widespread issue that is costing retail investors billions annually.
Keep reading for a brief overview of the key points I covered.
Table of Contents
Video Gallery
Watch the full episode below, or click here to watch it on YouTube.
Massive Scale
As I explained in the podcast, these are not small-time scams. The operations behind them are huge and highly organized, often employing hundreds of people throughout Southeast Asia to execute these fraudulent schemes.
Predatory Methods
These intricate scams prey on vulnerable people. I’ve found they utilize specific, modern tactics to lure and trap their victims, primarily through:
- Sketchy, AI-generated advertisements on social media.
- Recruitment into private Whatsapp groups where the manipulation occurs.
Conclusion
The most critical takeaway is that large-scale Chinese stock scams are actively and successfully targeting everyday investors with sophisticated methods. These groups leverage modern tools like messaging apps and AI-generated content to build trust before executing schemes that cause stocks to collapse, leading to significant losses for their victims.
It is crucial for all investors to remain vigilant against these predatory tactics. For more of my in-depth investigations and reports on this and other market issues, consider subscribing to The Bear Cave newsletter.
Related article: Fighting Back Against Chinese Stock Scams