The vision of easy and quick profit on the Internet probably lured them, but it can end up being quite expensive.
A group of more than 20 hockey players from Slovakia, who decided to invest in cryptocurrency, recently became convinced of this. But the alleged trading through the FinFog application from a dubious company from the USA did not pay off.
Their investment accounts were canceled out of the blue and the deposited money disappeared. The total damage, which affected players from the Slovak extra league and mainly one team of the first league, is estimated at several tens of thousands of euros.
The Aktuality.sk website came with the information about the injured hockey players, which was contacted by the victims of the fraudulent investment.
Players from an unnamed first league club took advice from a respected person from the hockey world to start investing in cryptocurrency using artificial intelligence. They got a tip on the FinFog AI Crypto Trading app.
The application, belonging to the “click a button” category, worked in such a way that the user confirmed the proposed trade at least three times a day, as a reward, the deposited money was increased daily up to two percent.
Part of using FinFog was also luring new people to their own invite code, which resulted in an additional commission. By clicking, the investor could double his deposit in about a month.
However, there is something wrong with getting the aforementioned commission. This reward system has the almost ideal characteristics of a fraud known as a Ponzi scheme. Simply put – a fraudster who pretends to be a successful investor receives money from you, but does not invest it further and pays it out only to earlier investors.
Everything then depends on the recruitment of new entities that invest financial resources. As soon as their supply is not enough to pay the earlier investors, the system will collapse and not only your deposits but also your performances will disappear.
Similar Internet scams are especially popular in Asia, where investors can lose millions of dollars in a week.
In this way, almost the entire cabin of the already mentioned hockey club was destroyed. In total, the players lost roughly 10,000 euros.
However, according to the media, hockey players from the extra league there were also caught. At the same time, even before FinFog fell, deposits and withdrawals were allegedly working. No one saw a threat in the fraudulent investment.
“I let the crowd lure me in. When I saw the results with my own eyes, I automatically believed it. The whole locker room had it and I saw that it worked, so I went for it,” revealed one of the injured Slovak hockey players.
The player also admitted that it was explained to him that this investment could end, but no one could say when it would happen.
The web domain FinFog has changed its internet address several times, the current one is not working. In addition, the application could not be downloaded through the official way, which was undoubtedly another warning signal.
Source: sportweb.pravda.sk
