fraud

Unscrupulous vendors are exploiting anxiety surrounding college applications by repackaging free AI-generated reports from Quake as premium services. These vendors charge hundreds of dollars for reports that Quake offers free of charge. Quake’s AI, which provides comprehensive college application guidance, has seen over 3 million reports generated, leading to long wait times due to high demand. The report generation utilizes a large language model with search, report generation, and recommendation capabilities, simulating college counselor insights.

In June 2025, reports emerged of fraud within the tech sector, exploiting a new government subsidy program for digital devices. “Scalpers” are reportedly using students to purchase subsidized items and resell them, netting profits of up to 300 yuan per device. This illegal activity involves dedicated chat groups and circumvents in-person verification. Legal experts warn that this scheme, even with small amounts, could constitute fraud, leading to penalties.

YMTC, a major Chinese memory manufacturer, warns job seekers about recruitment scams. The company clarifies that all legitimate job postings are through official channels and that it will never request fees from applicants. YMTC urges vigilance and encourages reporting any fraudulent activity to authorities, promising legal action against those misusing its name.

A family’s financial loss, initially suspected as account compromise, was revealed to be a teen’s scheme involving ride-sharing and an online marketplace. The daughter used her mother’s account to order rides, then received payment from riders through a secondary platform. This sparked debate on the broad range of services offered by such platforms, including the potential for misuse and the need for stronger security protocols.

WeChat is cracking down on “tool people” who assist online scams by providing support like bank accounts, SIM cards, and technical help. These actions lead to user financial losses, damage platform integrity, and potentially violate the law, facing penalties up to three years in prison and fines. WeChat warns users to avoid activities like renting accounts, recruiting, or providing technical support that could unintentionally aid cybercriminals. This includes actions like selling accounts, aiding account unblocking, and transferring group ownership.