fraudulent schemes

A scam targeting Chinese consumers through fraudulent “automatic renewal cancellation” schemes is gaining traction. Scammers impersonate customer service, using breached data to appear legitimate and create urgency about impending costly renewals. They then trick victims into screen-sharing, enabling them to steal financial information and authorize fraudulent transactions. Individuals have reported significant losses. The incident highlights the need for increased consumer awareness, proactive communication from companies offering subscription services, and enhanced data protection to prevent future scams. Never share your screen with someone you do not know and always verify their identity.

CCTV reports expose sophisticated scams targeting aspiring live streamers. Companies lure individuals with promises of income and training, then provide no support, leading to zero viewership. When streamers try to leave, they face fabricated contract breaches and demands for massive penalties. One streamer was threatened with a ¥500,000 penalty after seven days of no viewers. Victims often pay smaller fees to terminate contracts due to legal threats. Aspiring streamers are urged to scrutinize contracts and verify company backgrounds.