Customers was incited to deposit, with their accounts being manipulated

In August, 2018, I was invited into a WeChat group without notification. The group was set up by an adviser Laozhen (alias), who says he would like to teach us to invest in stock by analyzing the market. As time went by, he started to show us his successful experience in helping others make profits in gold market. He also propagated the ideas of the stock market being unstable and profits was difficult to be gained in China with many brokers. In the group, many his fans thanked him for his profitable recommendations, with screenshots proving their words. Most of people were excited. The adviser encouraged us to transfer money in stock market into gold market, and told us that there were bank commissioners who can help us to open accounts and deposit. A supposed Manager Xu was introduced to me. He advised me to open an account on KAB STRATEGY. I hesitated, afraid of losing money, since I have known nothing about gold. As I refused to deposit in the KAB STRATEGY account, the manager often called me and urged me over WeChat. After knowing my concerns, he said he could help me to avoid all risks. Under his guidance, I lost 90,000 in less than a week. He totally gave me reverse order recommendations. When the nonfarm payrolls market was announced on 3, August, I had 4 short orders (the four short orders amounted to over 10,000 dollars, outweighing the capital). When it was 8:30 P.M., it showed that gold was promising. He said I should not close out because the promising trend would not last long. However, gold index kept soaring and I didn’t stop loss. Finally, I had to close out, with 50,000 dollars left. He advised me to buy 4 long orders, but gold declined again. I only have 800 left the next morning and quit.