Feed

Posted

Google has filed a lawsuit against two scammers who they allege have submitted at least 87 fraudulent cryptocurrency and investment platform apps to the Google Play Store.

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK GOOGLE LLC, Plaintiff, v. YUNFENG SUN, a/k/a “ALPHONSE SUN,” and HONGNAM CHEUNG, a/k/a “ZHANG HONGNIM,” a/k/a “STANFORD FISCHER,” Defendants. Civil Action No. COMPLAINT INTRODUCTION 1. At all times relevant to this Complaint, Defendants Yunfeng Sun, a/k/a “Alphonse Sun,” and Hongnam Cheung, a/k/a “Zhang Hongnim” and “Stanford Fischer,” were online application (“app”) developers who were engaged in an international online consumer investment fraud scheme (the “Fraud Scheme”). Through that Fraud Scheme, Defendants and other co-conspirators, known and unknown, perpetrated a form of online fraud through which they socially engineered and targeted victims to download from, among other sources, Google Play mobile apps that purportedly offered investments in cryptocurrencies and other products.1 Members of the Fraud Scheme lured victims in with promises of high returns, and the seemingly legitimate apps were designed to display purported returns on investments in individual victim accounts. Yet the gains conveyed by the apps were illusory. And the scheme did not end there. Instead, when individual victims attempted to withdraw

According to Google, at least 100,000 people have downloaded the apps, and some have suffered financial losses as a result.

continue reading →

tags
discuss
twitter · mastodon · bluesky · your site