Allegedly a Victim of Investment Fraud PT. Rifan, Customers Lose Nearly IDR. 2 Billion

 

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Banking Crime Mode Appears Again in Indonesia", "How To Report Online Scammer Or Fraud To The Police In Indonesia", you may read also "How to Open a Police Report in Indonesia?" and on this occasion we will discuss about 'Allegedly a Victim of Investment Fraud PT. Rifan, Customers Lose Nearly IDR. 2 Billion'.

A person named Daniel claimed to be a victim of suspected commodity futures trading investment fraud. Daniel admitted that he suffered a loss of nearly IDR. 2 billion because of the investment. Daniel said he had opened several accounts at PT. Rifan Financindo Berjangka. On October 14 2021, he opened a RAPW 5913 account at Axa Tower and on October 18 2021 he opened a new RAPW 5921 account at the same place. Daniel is directed by the analyst every transaction. Previously, he received information that the price would definitely rise at the opening of the market.[1]

On October 29, 2021, he also contacted analysts, but received no response. "Finally I took the initiative to buy 3 lots," he told detikcom, Friday (2/6/2023). At noon, he was contacted by his superior analyst, to take another 2 lots again. In fact, he already took 3 lots. "I'm layman in futures trading, I took 2 lots," he said. However, he received information, prices fell because the United States (US) dollar strengthened. Finally, he was exposed to auto liquidation and he was asked to top up. However, because he didn't have the funds to top up, it was finally clear by the system. He said auto liquidation occurred because prices did not meet expectations. He said, if the price does not meet expectations then there are two choices, namely cut loss or holding it at the risk of hospitalization costs.[2]

"If we bear an overnight fee of US$ 5 per day per 1 lot. So if for example there are 10 lots held, there will be an overnight fee of US$ 5 per 1 lot per day. This will automatically eat into the resilience of existing funds. So, when Later there will be a minimum capital or fund resilience, so we have to add new funds to be able to make transactions again," he explained. "Yesterday my account was locked, I can't make transactions, I have to top up, I'm not always ready to top up, at least Rp. 100 million top up. If later the resistance of the funds runs out, it's automatically cleared by the system, it's gone," he continued. He suspected that there was an intention to trick customers into being subject to auto liquidation. "There is an allegation that marketing is rogue on purpose to trap customers so they get auto liquidation and do top-ups," he said.[3]

Next, on December 22, 2021, he met again with marketing PT Rifan Financindo Berjangka at the DBS Tower. The marketing said, it can recover customer accounts that have lost elsewhere. He also opened an RDNI 2814 account. On February 14, 2022 he opened me again RDNI 2863 plus the lure of a Toyota Fortuner car if the transaction reached 5,500 lots in 12 months. "You say there is a program to get a Fortuner car with a total lot of 5,500. Within 12 months I can get a Fortuner car plus transaction profits," he said. Long story short, the money he disbursed was fruitless. In fact, he also made several top ups and the money went nowhere.[4]

Previously reported, in 2022 the Commodity Futures Trading Supervisory Agency (Bappebti) froze the business activities of PT. Rifan Financindo Futures Brokerage. This was stated in the Decree of the Head of CoFTRA Number 01 of 2022. In the official statement from CoFTRA, it was stated that the suspension of this activity was because PT. Rifan Financindo Berjangka was deemed not to have made improvements to the administrative sanctions given. CoFTRA has issued three written warnings. "Based on the results of Bappebti's examination, PT. Rifan Financindo Berjangka is in the process of accepting customers and the process of carrying out transactions that are not in accordance with procedures," wrote the statement quoted on Tuesday (8/3/2022).[5] And if you have any legal issue in Indonesia territory, contact us then, feel free in 24 hour, we will be happy to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

________________

References:

1. "Diduga Jadi Korban Penipuan Investasi PT Rifan, Nasabah Rugi Hampir Rp 2 M", finance.detik.com., Diakses pada tanggal 4 Juni 2023, Link: https://finance.detik.com/berita-ekonomi-bisnis/d-6751917/diduga-jadi-korban-penipuan-investasi-pt-rifan-nasabah-rugi-hampir-rp-2-m

2. Ibid.

3. Ibid.

4. Ibid.

5. Ibid.