[SCAM NOTICE] Mobile application that offers huge profits from commissions in operations of buying and selling products from platforms such as Ebay, Aliexpress, Alibaba, Gmarket, TaoBao and others

Below we explain what this fraud consists of, which is mainly based on a pyramid or multilevel system or also a Ponzi scheme , and makes use of cryptocurrencies such as USDT (Cryptocurrency associated with the Dollar). It is currently widespread and affects thousands of people from every country in the world.

It is a web and mobile application that is fraudulently impersonating major online commerce trademarks such as Aliexpress, Amazon, Alibaba, Ebay, Gmarket, TaoBao, Broadway and others .

There are dozens of replicas of these applications, the best known are called Gmarket, CjonStyle, Asda, ASOS and Aliexpress . They are installed on newly created domains such as www.gmarket38.com , www.asda667788.com , www.aliexpress7777.com , www.cjcjapp.com , among others.

In the case of the Gmarket application, if we visit the company section of the application itself, we can see that the content has been fraudulently copied with the official data of the Gmarket company. In this way they make users believe that it is an official application of this multinational company.

From these applications you can only access with an invitation sent through another user who is already registered. Therefore, access is not open, nor is it available to anyone who wants to enter without an invitation.

Once you register in the application, you become the subordinate of the user who invited you, and from that moment you can send invitations to those who will be your future subordinates. In this way, the team is formed with a pyramidal structure or the purest Ponzi scheme, and they will acquire supposed profits from commissions of the operations carried out by each of the subordinates . This is really the fundamental pillar of the economic structure of this macro scam. The more people are invited to use the application by depositing money, the higher the commission earnings of those subordinates.

The application supposedly allows access to a series of official online commerce markets such as Ebay, Aliexpress, Amazon, Gmarket, TaoBao, Broadway, Alibaba, etc… Where a series of purchase and sale operations of products of various kinds can supposedly be carried out. categories such as electronics, clothing, beauty accessories, lingerie, among others. When carrying out these supposed operations, profits are obtained by commissions between the purchase and sale of these products. Basically what this organization of scammers wants to imply is that the user acts as a kind of intermediary between these operations using the money that is deposited in their account. In this way, the user thinks that he is financing some operations of purchase and sale of materials to the company.

The most curious and really the most suspicious thing about this system is that money is never lost during operations. You always get to earn money from commissions and the user never risks any amount of money from his deposit. The user believes that he is facing a perfect trading system and that he is going to earn a lot of money.

Obviously, in order to carry out these supposed operations, the user must have deposited money converted into the USDT cryptocurrency . The conversion of the local currency to cryptocurrencies can be done from applications such as Binance .

Access to these markets is restricted by user levels. The levels range from level 1 to level 4. Depending on the number of users who have been invited and they have deposited at least 100 USDT. It also depends on the minimum deposit of money that the user has in the account. If you meet the requirements of each level, you can go up levels. At a higher level, a higher percentage of commissions (from 0.26 to 0.32% per operation) and maximum limits on daily operations ranging from 50 orders to 70 orders.

Every time the user performs daily operations, he is supposedly earning higher and higher commissions that depend on the total deposit he has at that time. Days go by and money multiplies exponentially and extremely fast. At the same time, you are earning daily commissions for the subordinates that you have put in, so you are encouraged to continue inviting more users, and the latter will do the same.

Little by little a team with a large structure is being formed and the organization is receiving thousands and thousands of USDT from the deposits of these users.

The application, in addition to having the option to continue depositing USDT, also has the option to withdraw money from that deposit to your Binance account or the one the user is using. Later, the user can convert that cryptocurrency into the local currency and transfer the money to their bank.

So far, everything seems perfect!

Users think that they are the luckiest people in the world to have entered this circle. They thank each other for inviting themselves to this wonderful application with a perfect trading system. In fact, to get an idea of the supposed high level of profitability, we have seen how users with deposits of 7,000 USDT, supposedly generated around 3,000 USDT a week for the orders placed.

However, since the more money you have on deposit, the more money you will generate daily, users get into the ambitious loop of not trying to transfer part of their deposit to their bank account. They feel the desire to generate more and more money daily so that their deposit grows and thus will generate even more money every day. This circumstance is precisely what this scam organization is trying to do. The longer it takes the user to try to get their money, the longer it will take to realize that this is all a hoax. Therefore, more users will have been invited by him, and these, in turn, will deposit a lot of money encouraged by the supposed earnings of the user who has invited them.

Most of the profiles that are falling for this scam are young people (we could say between 20 and 45 years old) who are vulnerable to falling into the mistake of believing that for the first time in their lives they are earning large amounts of money and that this system it will last a long time. Many even quickly condition their lives to a supposed high standard of living that they believe they will lead in the coming months.

Now comes the reality of this whole plot that ends up becoming the fraud that it has been from the beginning. Actually, what users do not know is that the application is a kind of mask that deceives these users who believe that they are earning commissions for product purchase and sale operations. However, these operations do not exist and are completely fictitious, as are all those amounts of money that appear in your account.

As we have said before, the reality is that all the user is seeing are fictitious numbers. There are no operations for the purchase and sale of products, or commissions, not even the deposit they have is real. They are only simulated numbers within an application created for the sole purpose of scamming and robbing users of deposited amounts.

The only thing that is real about all this is the amount of USDT, which the user has deposited in a private account address owned by the scammers, and which from that moment leaves him in full control of this organization.

If we visit the official online trading platforms such as Ebay, Aliexpress, Gmarket and others, we will not find any information about the existence of these supposed trading applications. If we ask customer services, they will inform us that they are not aware of these practices.

The alleged commissions are nothing more than money from the deposits of other users belonging to the same team of the pyramid structure or other teams. The same thing also happens with the amounts that the organization allows them to withdraw on certain occasions. This system corresponds to the Ponzi scheme that has been previously used in various international frauds.

This fraudulent system is similar to other scams that have already been discovered. Its structure is based on the technique or Ponzi scheme whose financing comes from the income of money from new users (self-financing).

It should also be noted that the operations to withdraw money from the deposit are controlled manually by the organizers of this macro scam. Therefore, they They allow some withdrawals of money by the team leaders and some of the users who have invited several people. In this way they use the “hook” technique to make new users believe that the profits are real.

However, if a user tries to make more money withdrawals, the organizers hold the operation using different techniques (misleading arguments, provisional account locks, error messages, etc …). In the case of users who have recently entered and have not invited more people, these in most cases, will not be able to withdraw their earnings or will be able to withdraw very small amounts.

At a given moment, when the organizers verify that the team structure is no longer profitable or the chain of invitations is already broken and they stop making money deposits, that’s when they expel the whole team. They delete their accounts and keep all the money from all the deposits and do not allow them to enter the application again. The user realizes the reality when after making several attempts, they are unable to enter their account (A message is displayed saying that the account has been canceled or that the maximum number of attempts to enter the account has been exceeded)

If you try to contact the supposed customer service, they answer you predefined messages through automated bots. From that moment, the user will never have access to the platform again and his deposit will be gone forever.

They have already completed the fraud and have stolen all your money. However, the application continues to work to continue scamming other users who are oblivious to what is happening to the rest.

In the first place, these types of criminal organizations that scam users, use as their main hook playing with people’s desire to earn a lot of money in a short space of time.

We have to know that THERE IS NO FINANCIAL PRODUCT THAT OFFERS VERY HIGH PROFITABILITIES WITHOUT CONDUCTING A HIGH INVESTMENT RISK . Therefore, we have to be suspicious of supposed financial products, operations or systems that assure us of very high returns with little or no risk of the capital invested.

In addition to the above, and taking this scam system as an example, we can find the following characteristics:

• The application or platform offers little or no information about the owner company, legal information and options to cancel your account.
• These types of platforms or applications are usually developed in short periods of time, which is why they tend to show functional failures, incomplete sections and notable visual defects.
• The operations are usually carried out with cryptocurrencies, since today, the tracking operations of these tokens are difficult.
• The winning percentages are supposedly extremely high.
• The domains where the applications are created have been created recently or are very young and their names are followed by numbers or unusual characters. Sometimes they try to impersonate the official brands but adding numbers at the end (example www.aliexpress234.com, www.gmarket38.com, etc …).
• If you try to find information about these operations, you will find little or no information.
• Many of these scams are based on pyramid or multi-level systems.
• User registration processes are done by invitation and do not usually ask for too much information to authenticate the accounts.
• Sometimes the applications are in domains that do not use SSL certificates (https).
• When it comes to withdrawing the money, they tend to have inconveniences, or the withdrawal process is extremely complicated or generates errors.
• They are usually based on exponential earnings depending on the amount of deposit used, to avoid users wanting to withdraw earnings frequently and want to let their deposit grow.

We are going to give you a series of steps to follow if you suspect that you have been or are being the victim of an internet fraud or scam like the one reported in this article.

If you have more information about this type of scams, you can write a comment in this article including all the data you have (websites, digital accounts, etc…).