April 8, 2024 at 01:57AM
Google has filed a lawsuit against app developers Yunfeng Sun and Hongnam Cheung for an “international online consumer investment fraud scheme.” The scheme involved uploading about 87 crypto apps to the Play Store, tricking users into downloading them, and stealing their funds. The company accused them of violating multiple policies and laws. This article was found on the NewsroomInvestment Scam / Mobile Security on April 8, 2024.
From the meeting notes, it’s clear that Google has filed a lawsuit against app developers Yunfeng Sun and Hongnam Cheung for perpetrating an international online consumer investment fraud scheme. The scheme involved uploading crypto apps to the Google Play Store, tricking users into downloading them, and then stealing their funds under the guise of promising higher returns. The defendants employed various tactics, such as creating elaborate fictitious personas to target individuals through social media and dating platforms. This malicious activity has resulted in substantial financial losses for over 100,000 users. Google has taken legal action, citing violations of various policies and guidelines, including the RICO Act, wire fraud, and terms of service breaches. This case underscores the ongoing efforts by tech companies to safeguard the integrity of their platforms and protect users from fraudulent schemes.