"Yes, I have escaped!" The Shameless Founder of Oli Capital Arrogantly Announces His Abscondence

(Picture from the Internet)

February 5, 2023, the founder of Oli Capital, Luo Qi, sent a letter to all his investors, arrogantly stating that he had run away with the money.

The letter was so provocative and infuriating. And he even chose to send it on the occasion of the Chinese Lantern Festival. It is the same as Send King in Hunan, which absconded last year, and more than that.

Qi claims he has laundered his money through legal methods and has gone to live with his girlfriend in a country with no extradition clause, adding that his ex-wife and daughter were both pawns in his plan.

In the letter, he admitted that Oli Capital was a Ponzi scheme. The lavish spending by Qi himself and his girlfriend over the past three years was all paid for by stealing the money that victims invested. Although he knew that people had been defrauded out of all their money by him, he did not care. And he even lectured the investors with superiority, saying they shouldn't have been greedy for high interest.

He even mocked the victims, saying that they should look for the future, happiness is the most important, and money can be earned again. "I'm just taking your money and spending it on your behalf. You got the happiness that you did not know, didn’t you?"

The public is outraged by this arrogant behavior of Oli Capital, which is above the law!

A Ponzi Scheme to Defraud Chinese

OLI CAPITAL claims to be a well-known financial services company in Australia. OLI CAPITAL PTY LTD The company's Australian Company Number (ACN) and Australian Business Number (ABN) are 627780590 and 88627780590 respectively. After searching, we found that this company was registered on July 31, 2018. However, it is just a business registration.

Businesses that conduct financial services locally in Australia must be licensed by the Australian Securities and Investments Commission (ASIC), but Oli Capital was not. Therefore, this company is clearly operating in violation of the law. It is only a matter of time before such a company absconds with its money.

In fact, Oli Capital is an outright Ponzi scheme, falsely claiming to offer various financial trading instruments such as energy, gold, and stocks. This audacious con man even dared to promise investors annual returns of 15% to 24%!

The company also has an app called "Oli View", which advertises itself as "A customized stock trading software for Chinese, helping Chinese investors to ride the wave in the market". The company is also recruiting sales in several Australian cities to promote it.

At the same time, Oli Capital was also active on social media. It has more than 9,000 subscribers on YouTube, with video views ranging from a few hundred to a few thousand. The videos mostly explained the Australian stock market.

BrokersView Reminds You

Ponzi schemes, no matter how finely packaged, will eventually come to naught. In this crisis-ridden market, it is important to control your greed and invest carefully. If you encounter a similar scam, please contact BrokersView to expose it, helping more people not fall for it!