Vitae claims to be the number one decentralized social network in the world that shares 90% of the income for the participating members, which was launched on December 26, 2018 in Switzerland by Michael Weber and his staff, although it has disappeared without a trace . This tiered social network also issued a virtual currency called Vitae Token to trap people, especially mountain illiterates (Synthetic Teamese).

According to the newspaper Synthetic Teamnet, which began around 2019 via Youtube and Facebook, some ethnic Hmong (mostly couples) in the mountainous border district of Muong Lat in Thanh Hoa Province were seduced into investing in the profitable purchase of Vitae tokens. It is worth noting that the Mong people who go to the fields all year round do not know much about technology or finance, nor do they know what coins are, but due to sophisticated scams they have spent millions of dollars finding profitable opportunities.

Tam Chung Township, Muong Lat, Thanh Hoa Province

Ms. Lo Thi Thiet, secretary of Tam Chung Commune Party Committee, Muong Lat District, said that from Suoi Phai Village, Tam Chung Commune, and then to Pu Nhi Commune, Suoi Long Village, she would spread the word about the profitability of TRON (TRX) outstanding: “Someone stands out through propaganda, entices people to pay 1-2 million, the first months will be profitable. The commune then directed the functional forces to expand and by that point it has stopped.

To date, 47 ethnic Mong people in Muong Lat have participated in paying 5-6 million VND with the promise of a monthly salary based on the company’s profits and on introducing new participants. In addition, the scammers promise to receive a total of 100-200 million dong by the end of this year. However, after some time of participation, some propagandists from Dien Bien Province declared that the Vitae company was bankrupt, so the participants lost the amount paid, which led to psychological conflicts between the participants because the former seduced the latter.

It is worth noting that the victims not only lost money, but also got into conflict with each other because one invited the other, but most of them were close relatives.

In addition to the method of investing virtual money through the Vitae Company in the Muong Lat District, there is another form of investment on the Internet by a person named Koukham (in Vientiane, Laos). There are currently 35 ethnic Mong people attending, mostly women.

Most of the victims are women | Photo: Dan Tri

Each participant must pay an amount of VND 1-2 million over the previous participant. If the participant attracts others, he receives a percentage of the commission in the form of multi-level ladders from the amount he pays for the company, this commission is pushed onto the participant’s e-wallet.

Subject Kouher Koukham created a system of propaganda materials in Hmong through Facebook to disseminate and attract participants.

The subjects also put pressure on the participants by asking to introduce themselves, bring other people with them or they will lose the initial payment. In this way, even today, cases participate and benefit in the above-mentioned manner.

According to functional forces, fraudulent activity in Muong Lat shows signs of multi-tier business; A number of activities capitalize on the trusting mentality of the Mong ethnic group and make thorough use of social networks, relatives, and ethnic relationships to encourage people to participate. Currently, the Muong Lat District Police are coordinating with the Domestic Security Division and Thanh Hoa Provincial Police to actively investigate and solve the case.

Mr. Nguyen Van Binh, chairman of the Muong Lat District People’s Committee, said, “The district discovered and conducted the review, while organizing propaganda and educating the nature until people learned the lesson. We asked the district police to attend Provincial police with the coordination and development of propaganda articles. At this point, people realized the scheme of the object. “

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Thach Sanh

According to Synthetic Teamnet / Dantri

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page