Recently, Pakistani law enforcement agencies dismantled a sizable online investment scam ring involving approximately $60 million in funds, exemplifying a typical case of cross-border crime.

The joint raid took place in Karachi, where police arrested 34 individuals, including 15 foreigners and 19 locals. The confiscated items were quite outrageous—37 computers, 40 mobile phones, over 10,000 international SIM cards, and 6 illegal communication devices. How are these tools used? For scamming purposes.

You need to know their tactics: first, they set up fake trading platforms, displaying fabricated profit data to gain trust. Once investors deposit about $5,000, the scammers switch tactics—suddenly claiming various fees such as taxes and withdrawal charges, demanding more money. When victims realize and try to withdraw, their accounts are immediately frozen, and the scammers disappear without a trace.

The flow of funds is also carefully designed: initially, money flows into overseas bank accounts, then quickly converts into cryptocurrencies, and through cross-border transfers, the trace is thoroughly cut off. This method poses significant challenges to law enforcement because it involves multiple jurisdictions. The investigation is ongoing, and 22 suspects are currently in judicial detention.

This case serves as a stark warning: the dangers of fake trading platforms are immense, and the risks of participating in unknown source investment projects are high. Especially when the other party asks you to add more funds or pay various fees, it’s almost certainly a scam. The best way to protect yourself is to operate on legitimate, licensed trading platforms and remain cautious of strangers who invite you to WeChat groups or Telegram channels to promote projects.