EASTMONEY(SZ:300059) Guan Cha Zhe Wang·2026-01-09 02:18Core Viewpoint - A recent fraudulent stock trading platform case in Shanghai's Jiading District highlights the increasing sophistication of scams, where victims are misled into downloading counterfeit applications that mimic legitimate financial services, leading to significant financial losses [1][3]. Group 1: Fraud Techniques - The new scam model defined as "online fraud, offline cash delivery" allows criminals to evade electronic monitoring by converting funds into cash or gold for in-person delivery [3][5]. - Scammers use social channels to lure victims with promises of high returns, leading them to download a counterfeit app that closely resembles a legitimate trading platform [3][5]. - The counterfeit app features realistic design and functionality, including fake profit data, which creates a false sense of security for the victim [3][5]. Group 2: Psychological Manipulation - Victims often exhibit a strong "trust lock" mentality, making them resistant to evidence of fraud, as seen in the case of the victim who insisted on the legitimacy of the platform despite police intervention [1][6]. - Behavioral finance principles indicate that victims may fall prey to sunk cost fallacies and confirmation biases, leading them to ignore negative information [6][7]. - Scammers exploit the natural trust in authoritative brands, such as "Oriental Fortune," to mislead victims into believing in the legitimacy of the counterfeit platform [7]. Group 3: Investor Education Gaps - The incident underscores the shortcomings in investor education, particularly in risk recognition and fraud prevention, as many investors lack a deep understanding of the risks associated with high-return promises [8]. - There is a pressing need for enhanced security awareness regarding app download channels, emphasizing the risks of installing financial applications from unofficial sources [8].