CMBC Capital (01141) Scam : Cyber Crime and Authorities Alerted
How the Operation WorksThe "Stock Master" Trap:
Fraudsters pose as financial experts ("Professor Chan" or "Mali Chan") alongside an assistant or co-host ("Ella") on messaging apps like WhatsApp or Telegram. They build trust by sharing market analysis and seemingly profitable stock recommendations.
The Pump and Dump:
Group members are instructed to buy shares of a specific, low-volume stock—in this case, CMBC Capital—at an exact price range (reported around $4.45 to $4.92).
The Crash & Finger-Pointing:
Once retail investors artificially inflate the stock price, the operators dump their millions of shares, causing the price to crash. When "students" demand answers for their sudden losses, the scammers shift blame to "malicious short sellers" or "spies" in the chat group to buy time before disappearing entirely.
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This is the group that scammed me