Group 1 - The core of the scam is a WeChat group named "Southwest Common Prosperity Academy," where fraudsters lure investors to join under the guise of sharing investment insights [1] - The scammers created a deceptive investment strategy called "Oriental Red Rising Sun Strategy," which they presented as a legitimate method for wealth growth, but it was fundamentally flawed [7] - Investors are misled into opening a so-called "Southwest Asset Management OTC Account," which is actually an illegal trading platform designed to trap their funds [8] Group 2 - Once investors transfer their funds to the fraudulent OTC account, the scammers quickly abscond with the money, leaving investors unable to withdraw their funds [9] - The incident serves as a reminder of the pervasive risks in the capital market, emphasizing the need for investors to enhance their risk awareness and avoid falling for scams [9]
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