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“One of the major obstacles that prevent people from exploring opportunities in online trading are concerns about the security and safety of personal funds and
Coolcat investment platform swindles millions from thousands
By Viet Anh April 25, 2021 | 08:00 am GMT+7
Dozens of investors come to a HCMC police office to accuse Coolcat of cheating them of their money, April 23, 2021. Photo by VnExpress/Viet Anh.
More than 1,800 people in HCMC say they have been cheated of millions of dollars by an bogus insurance investment platform.
Dozens of people gathered Friday in front of a HCMC police station on Tran Hung Dao Street in District 1. They filed 488 complaints accusing Coolcat, a self-claimed insurance investment platform, of cheating them of huge sums of money.
Mai Thanh, 41, said she represented over 1,800 investors who have been tricked by Coolcat, whose app and URL domains vanished overnight on April 16. Another group had already filed similar complaints with the police on April 19.
Minister of Financial Services, Trade and Industry and Immigration Elsworth Johnson.
NASSAU, BAHAMAS Minister of Financial Services, Trade and Industry and Immigration Elsworth Johnson on Thursday welcomed industry partners to a virtual symposium aimed at sharing the government’s vision of establishing The Bahamas as a leader in financial technology and digital assets.
“This symposium is reflective of our shared vision for ushering in a new wave of fintech innovations in The Bahamas, establishing this nation as a regional and world leader in the sector,” Johnson said as he addressed participants in a Zoom meeting.
“My ministry is fully committed to facilitating this work and collaborating with our partner agencies, industry stakeholders and leaders to ensure that we are going about this work in the most thoughtful way possible. We will continue to deliver on our mandate of advancement through innovation,” he said.