A dummy account also has the same appearance as a real trading account, such that a user of the platform would not be able to distinguish it from a real trading one.
Among other things, he collected $660,000 from one of his victims to purportedly make investments and generate returns for the latter.Hong had earlier invited the man to give him money for him to purportedly utilise for forex trading and related investments to generate returns. Hong later failed to deliver what was promised.Under the agreement, Hong acknowledged receiving the man's monies for investment purposes and agreed to pay him a fixed return of 8 per cent per month.
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