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Wanting to help her father grow his pension funds, a woman decided to heed the advice of a forex fund manager, who claimed his investment fund provides a daily return of one per cent. But several months later, the fund manager started evading her queries,$500k gone: 'Forex fund manager' goes MIA, at least 10 people affected
Wanting to help her father grow his pension funds, a woman decided to heed the advice of a forex fund manager, who claimed his investment fund provides a daily return of one per cent. But several months later, the fund manager started evading her queries, leaving the woman with no way to withdraw the rest of her investment funds. At least 10 people — including the woman — had engaged the same forex fund manager, with the collective sum invested believed to be at least $500,000, reported Shin Min Daily News. The woman surnamed Xu, 40, said a friend had introduced her to the man, Li Shipeng (transliteration), who claimed to be a forex fund manager. He persuaded them to invest with him and Xu put in $56,758 from March to November 2022. According to Xu, she had already been paid $18,750 in interest. But after Li became uncontactable, she said she is unable to recover her capital. Read more