April Vuong and Hao Quach run a company name Systematech. They poses themselves as semi-retired, driving high end cars, accessorized themselves with expensive jeweleries, and lives the life of the rich.
They approaches friends and their friends' families and friends for money in which they claim to invest for them. They write up their contract in the form of promissory notes promising fix guaranteed returns. They use every thinkable tactics to encourage their victim to invest as much as possible and more.
The money collected are used to support their direct family in the form of allowances, personal expenses, luxurious gifts, and investment interest (unreasonable high rate of return) to family members. Some of the money is used to pay the interest of new victims.
Once the victim has made the first money transfer, they encouraged the victims to use all of their available credits to earned more incomes. When the credits were exhausted, they encourage the victim's families, and their friends to invest. They will even promise to pay referral fees.
These swindlers have no conscience, and will without hesitation take money from whomever, no matter what circumstance or situation they are in. This includes retired people on fixed incomes. Victims are not isolate to Canada, but the US, and even China.
When there is no more moneys to be had, the interest payments stop. They will at first promise to fix the situation, and make up excuses for the default payments. Then comes the delays, and deferral, and eventually stop answering phone, messages, emails, etc.
If you are victims to these evils swindlers, warns others, and work together with other victims to bring the full justice of the system on their heads.
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