The pair allegedly made 87 apps since 2019 and defrauded folks of tens of thousands of dollars
Google is suing two Chinese app developers claiming they allegedly spent years creating fraudulent cryptocurrency investment apps that were downloaded from its Play Store.
Victims would deposit real money into these apps which would appear to show balances rising and falling in line with the fluctuating real-world crypto exchange rates, but the effects were"illusory,""Frequently, the fraudsters will guarantee that the investments will yield high returns, and may give the victims doctored reports falsely depicting their investment as earning money. When victims attempt to withdraw funds, they cannot do so.
"But no matter how much money the victim hands over or how many promises the fraudsters make, the moment the victims"invest" the money, it is gone," the lawsuit reads. From there, the complaint claims, the scammers would strike up conversations and move the conversations to other messaging platforms like WhatsApp. Later, they would attempt to establish friendships and romantic relationships, building a degree of trust, before"guiding" them through the"investment opportunity.
The tech giant brought claims under the Racketeer Influenced and Corrupt Organizations Act and breaches of contract related to its various services. The company is seeking an injunction to prevent Sun and Cheung, and their employees, from ever accessing Google services again.that the Alphabet-owned company believes this is the first time a tech company has pursued legal action against crypto scammers.
The action taken by Google this week coincides with the news that investment fraud is now the top form of cybercrime in the US in terms of financial loss.
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