Once victims invested, the apps would display fake balances and returns, giving the illusion of legitimate trading activities. However, users were unable to withdraw their funds, with the apps either denying requests or demanding additional fees or minimum balances, effectively trapping their money.
Google alleges that the scammers violated its terms of service and the Racketeer Influenced and Corrupt Organizations Act (RICO). The company is seeking to block the defendants from further fraudulent activities and recover damages for the harm caused to its platform and resources spent investigating the schemes.
