Given the rise of new financial technologies (Fintech) and especially trading, there are people who hide behind this activity to defraud citizens by offering them surreal commissions in exchange for adding followers, he explained. Jairo Gonzalez, expert in international financial markets and Fintech.
González indicated that these are known mechanisms in the past, but that in the Currently they seek to hide behind trading bringing mistrust to this growing and internationally regulated activity.
“The entities that approach you with the intention of fraud usually give information that is too surreal, being very effusive. At the moment when they offer you a percentage benefit based on adding people under your community, you can be sure that you are facing a scam”, warned the specialist, who advocates for the regulation of new financial technologies at the local level, as well as clear rules in handling cryptocurrencies.
before this called on the authorities and citizens to be alert in view of cases of companies that cheat under the promise of teaching trading, or of traders who receive money and pay interest with the same capital received.
He specified that in the first tradingto the use of the knowledge one has of a financial instrument, to speculate on its future movement, and in this way obtain profits from positions taken, “so behind a profitable trader there are years of studies to know each financial instrument in depth , where it takes positions. There is a lot of backtesting and, above all, there is a lot of dedication”.
“While Ponzi and pyramid schemes are based on marketing, the use of media noise and the popularity of some business model to offer benefits or education through payments. The dark side of the coin comes when instead of focusing on the education they offer you, they push you to convince people to join this business model through you in exchange for a percentage benefit, ”she specified.
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He indicated that the unscrupulous people who use these scam methods are filling with mistrust to many who want to learn about new technologies to manage international financial markets, which prevents the local consolidation of this international trend that brings development and growth to countries.
«It is a pity that this activity as beautiful as trading has so much smoke around it. This supposes a constant fight against the distrust generated by the criminals. Those of us who dedicate ourselves responsibly to this activity strive all the time to maintain transparency before citizens and regulatory entities », he explained.
