The scammer will cold-call victims, direct them to a professional looking website. The website of fake investment with high yield return like the ones we have seen before on this forum but which we know are scam.

Cold-calling means their victims did not know them before and they offer the investment of high hold return. Easy to know they are scammers but some people are ignorant and lack the knowledge to know that they are scammers.

According to the news, they scammed at least 65 people and earned £1.5 million ($2 million) from the victims. The money is sent or laundered to companies they operated, including Astaria Group LLP, CCX Capital, and authorized clones of Ian Buckley Financial Services and Capital Partners Group.

According to other sources, one of the scammers has been sentenced to five years and four months in prison, the other scammer was sentenced to six years and six months in prison.

https://www.ainvest.com/news/crypto-fraud-duo-sentenced-12-years-1-5-million-pound-scam-2507/