As one of the victims of Bounty, a multi-level application that hides financial investments similar to “online livestock” apps, Ha and many players were lured to recharge and follow “missions” to have higher profits.
In the list of 160 victims gathered by Ha, the amount of each person being scammed by this multi-level app ranges from a few hundred thousand to more than one hundred million dong.
“The biggest victim of Bounty I found was H.Ngoc – my cousin. After 10 days of participating, she lost 154 million VND”, Ha said, and said she is lobbying Bounty’s victims with her to sue the development team behind the app. I admit I’m greedy and it’s hard to get my money back, but I can’t let crooks continue to take advantage of loopholes in the law and people’s gullibility to enrich them.
Ha also admitted that she knew it was time for Bounty to stop paying investors. However, the app crash after just over 2 months of operation surprised her. “Based on the information I found out by myself, the app will not crash until at least next year. I knew this day would happen, but I didn’t expect it to ‘go’ so quickly”, this victim shared.
Before that, on the morning of April 24, the Bounty groups disbanded simultaneously. Next, on April 27, the website of this application changed to the Chinese interface.
After the app crashed, some accounts continued to post in the “Bounty- make money” Facebook group. The content mainly calls for members to deposit more money to withdraw some or all of the invested amount, subject to certain levels. According to Ha, this is the way to ‘catch’ the last shot of the masterminds. I had to comment each of those posts to prevent others from losing more money.
H.Ngoc said, her faith gradually grew when Bounty still allowed to withdraw money regularly in the first days of joining. App for withdrawing 1.4 million dong after a few days. Hence, from the initial few million, days later, I invested 194 million in the app. This amount is divided among 6 accounts, each account is about 25.8 million. “About 2 weeks later, I couldn’t withdraw my money. Checking information from the groups, I found out that the app had crashed. Minus the revenue, I lost 154 million VND after exactly 10 days of joining”Ngoc said.