Obt8.com is a forex scam based in Hong Kong

earthbean

Recruit
Messages
7
First of all, I want to admit that I was a fool to fall into this scam. It has been rampant in Asia/China for many
years and now they are invading America. We need to escalate and get the word out!

A woman on befriended me on Facebook. And over the next few weeks, she convinced me to follow her
trading gold futures on a platform (obt8.com) based in Hong Kong. I stupidly transferred the money
without verifying her identity. I made several successful trades but was never able to
withdraw any significant amount of money. I confronted the woman on the potential scam. The next day, my
account was wiped out and even shown a negative balance.
Later, I read online that these scams originated from China and spread worldwide.
  • How FX Scammers Took Advantage of the COVID-19 Crisis

    • thebossmagazine.com/covid-19-fx-scammers
  • ASIC Reports 20% Uptick in Investment Scams During COVID-19
    • financemagnates.com/forex/regulation/asic-reports-20-uptick-in-investment-scams-duringcovid-19
Here are the reasons I know it's a scam:
1. The pages listing all the transactions have been zero out. They just put an arbitrary negative balance at
the end.
2. The balance between the website and the obt/mt4 program used for trading are different. All my past transactions have been cleared on the trading program.
3. The obt program is a counterfeit of the traditional MetaTrader4 (MT4) software, which is already known to have several security loopholes for fraudulent modifications.
4. The app download link doesn't go to safe sites like Google Play or Apple Store. Their links go to their own internal server. I searched Google Play store and no trading platform call obt exists.
5. Based on my research online, 99% of all trading platforms using MetaTrader4 and its extensions are fraudulent. They are frequently used by scammers.
 

forexfade

Private
Messages
12
I totally understand. So you signed up to test them is what I mean or did you you sign up because they had a special promotion or something :)
 

FxMaster

Lt. Colonel
Messages
10,379
First of all, I want to admit that I was a fool to fall into this scam. It has been rampant in Asia/China for many
years and now they are invading America. We need to escalate and get the word out!

A woman on befriended me on Facebook. And over the next few weeks, she convinced me to follow her
trading gold futures on a platform (obt8.com) based in Hong Kong. I stupidly transferred the money
without verifying her identity. I made several successful trades but was never able to
withdraw any significant amount of money. I confronted the woman on the potential scam. The next day, my
account was wiped out and even shown a negative balance.
Later, I read online that these scams originated from China and spread worldwide.
  • How FX Scammers Took Advantage of the COVID-19 Crisis

    • thebossmagazine.com/covid-19-fx-scammers
  • ASIC Reports 20% Uptick in Investment Scams During COVID-19
    • financemagnates.com/forex/regulation/asic-reports-20-uptick-in-investment-scams-duringcovid-19
Here are the reasons I know it's a scam:
1. The pages listing all the transactions have been zero out. They just put an arbitrary negative balance at
the end.
2. The balance between the website and the obt/mt4 program used for trading are different. All my past transactions have been cleared on the trading program.
3. The obt program is a counterfeit of the traditional MetaTrader4 (MT4) software, which is already known to have several security loopholes for fraudulent modifications.
4. The app download link doesn't go to safe sites like Google Play or Apple Store. Their links go to their own internal server. I searched Google Play store and no trading platform call obt exists.
5. Based on my research online, 99% of all trading platforms using MetaTrader4 and its extensions are fraudulent. They are frequently used by scammers.
Seems you got trapped in Honey scam, You have to search properly before you let them have your money.

Now basic questions

When and how you deposited the money?
 

earthbean

Recruit
Messages
7
Seems you got trapped in Honey scam, You have to search properly before you let them have your money.

Now basic questions

When and how you deposited the money?
11/09/20 thru bank wire transfer. I already asked bank to trace it. The payment was deposited thru a 3rd party name, which the website changes every other week.
 

PK494

Master Sergeant
Messages
424
11/09/20 thru bank wire transfer. I already asked bank to trace it. The payment was deposited thru a 3rd party name, which the website changes every other week.

They have a lot of mule accounts.

I hope you report them ASAP. Also thanks for sharing your story. Good to know that Obt8.com is another of their scam site.

Good luck!

Please REPORT ALL SCAMS to your local authority, banks and to the authority where your money was sent to
Hong Kong: https://www.police.gov.hk/ppp_en/04_crime_matters/adcc/contact.html
Hong Kong SFC: HK SFC Online Complaint Form
Singapore: https://www.police.gov.sg/I-Witness
Taiwan: https://english.police.gov.taipei/cp.aspx?n=4C927E8874B0DDE8
China: http://cyberpolice.mps.gov.cn/ but need someone who reads Chinese to navigate
Usually all these websites are register using GoDaddy so, please report it here too: abuse@godaddy.com
HOW TO COMPLAIN TO THE REGULATORS MANUAL
It’s EXTREMELY IMPORTANT that everyone affected come forward in order to defeat this type of organization. Put them all behind bars where they belong.
company offering forex, gold, financial trading product require to obtain license from financial regulator, the license can be cross check with financial authority website. if broker company operate without verifiable license number, most likely it is fake trading, and your trade doesnt pass to the real market exchange. the money is gone for good as soon as you send the deposit
 

earthbean

Recruit
Messages
7
They have a lot of mule accounts.

I hope you report them ASAP. Also thanks for sharing your story. Good to know that Obt8.com is another of their scam site.

Good luck!

Please REPORT ALL SCAMS to your local authority, banks and to the authority where your money was sent to
Hong Kong: https://www.police.gov.hk/ppp_en/04_crime_matters/adcc/contact.html
Hong Kong SFC: HK SFC Online Complaint Form
Singapore: https://www.police.gov.sg/I-Witness
Taiwan: https://english.police.gov.taipei/cp.aspx?n=4C927E8874B0DDE8
China: http://cyberpolice.mps.gov.cn/ but need someone who reads Chinese to navigate
Usually all these websites are register using GoDaddy so, please report it here too: abuse@godaddy.com
HOW TO COMPLAIN TO THE REGULATORS MANUAL
It’s EXTREMELY IMPORTANT that everyone affected come forward in order to defeat this type of organization. Put them all behind bars where they belong.
You seem knowledgeable. Please allow me to ask a couple of questions.
- What are the chances the bank will get some of the money back after reporting the fraud.
- What are the chances of getting the money back if I hire a lawyer in Hong Kong to sue them in HK court?
- They left a negative balance on my account and asks me to pay the debt. Can I just ignore them since they are fraud? Will they come after me with law sue or collection or other ways? I live in U.S.

Thanks.
 
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