In the frenzy of algorithmic trading and digital currencies, a platform named OAM Global has grandly emerged as a "Global Asset Allocation Expert." According to its official website, this so-called "comprehensive investment platform," allegedly established in 2017, claims high-tech credentials with "AI algorithms" and "private equity funds" on one hand, while tempting with an "annual return of 54%" on the other, even enlisting several Hong Kong-listed companies for endorsement.
However, upon closer examination of its background—from the "Ponzi scheme" history of its parent company Opix Technology (Chengde Forex), to the "penny stock" status of its partners, and the deliberate omission of regulatory information, team details, and fund flow on its website—a carefully woven web of contradictions becomes apparent: on the surface, a glamorous narrative of "smart financial innovator," yet beneath it lies a dangerous capital game.
When "high-tech" and "high returns" become a smokescreen, and "partnership with listed companies" turns into a tool for credit packaging, what hidden secrets lie beneath the halo of OAM Global?
I. Regulatory Fog: The Classic Tactic of Faking "Compliance Identity"
The Textual Trap of "Hong Kong SFC License"
OAM Global prominently claims on its website to "provide a safe, fully regulated platform in compliance with Hong Kong SFC licensing," a statement that is fraudulent on two counts:
- Entity Misrepresentation: Upon inquiry, the Hong Kong Securities and Futures Commission (SFC) lists no licensees named OAM Global or its operating entity OAM Global Ltd; the only SFC-related entity is its "partner" Koala Securities Limited (HKEX No.: 8226). The platform blurs the line between "self-licensed" and "partner-licensed," misleading investors to believe its business is regulated by the SFC.
- License Scope Misalignment: Although Koala Securities Limited holds an SFC license (Central No.: BGU244), its license type is for securities trading (Type 1), allowing only for brokerage in stocks, bonds, etc., and not for providing regulatory backing for forex, digital currencies, or fund products. OAM Global's bundling of its business with a licensed entity's limited scope is a typical "regulatory application."
The Fabricated Network of "Compliance Alliance"
OAM Global attempts to weave a credibility network through multiple "compliance roles," but each link presents fatal flaws:
- Grand Koala SPC Fund: Claims Koala Securities as its investment advisor, yet the fund is not registered or disclosed in any jurisdiction and is not included in the SFC-recognized fund list.
- CITIC Securities Fund Services: Only provides back-office support (e.g., valuation, reporting) irrelevant to the compliance of OAM Global's front-office business, and does not bear responsibility for fund safety.
- Denton Law Firm "Legal Guidance": The law firm's role is limited to basic services like contract review, not certifying the platform's legality.
The Real Consequences of a Regulatory Vacuum
Since OAM Global itself holds no financial licenses, its fund pool operates entirely outside the regulatory system:
- Zero Protection for Investor Funds: Not covered by the SFC's Investor Compensation Fund (which offers up to HKD 500,000 protection);
- No Recourse for Complaints: In case of disputes, investors cannot seek redress from the SFC or any regulatory body;
- Untraceable Fund Flow: Bank custody account information not disclosed, funds may directly go to offshore shell companies.
II. Associated Scams: The Full Chain Risk from "Parent" to "Ally"
The "Ponzi Scheme Gene" of Opix Technology
OAM Global claims to be a department of Opix Technology (Chengde Forex), which has been exposed multiple times as a Ponzi scheme. Their business models are highly similar:
- Scripting Replication: Both focus on "algorithmic trading," "managed account following," "low risk high returns";
- Obscured Operations: No disclosed actual office address, core team, or audit reports;
- Disconnected Users: Opix Technology was repeatedly exposed for delayed withdrawals and account freezes, risks OAM Global is likely to inherit.
The Capital Game of the "Penny Stock Alliance"
OAM Global's partners exhibit the "three low characteristics"—low stock price (<1 HKD), low market cap, offshore registration (Cayman Islands), creating a typical "shell company matrix":
- Smart City Development Holdings (HKEX: 8268): Originally a construction company with no prior financial business experience, suddenly announced a partnership with OAM Global to develop an "AI Computing Lab." The announcement contents are vague without specific technical routes or funding plans, suspected to aid in stock price speculation.
- Koala Securities (HKEX: 8226): Although holding an SFC license, as a low-price stock company, its stock price is long below 0.1 HKD, with a market value of less than 100 million HKD, indicating "shell resource" suspicion. More importantly, its website has not published any announcement regarding cooperation with OAM Global, casting doubt on the genuineness of their relationship.
- Grand Koala SPC: Actually controlled by OAM Global yet undisclosed registration information, their "cooperation" with Koala Securities is a left-to-right hand transfer aimed at fabricating a business loop.
The "Shadowization" of Personal Identity
- The Mystery of Henry Wong: OAM Global claims Koala Securities CEO Henry Wong attended their forum, but public records show no such person in Koala Securities' board of directors, suggesting a possible fabrication of executive endorsements.
- Vacuum of Team Information: The website mentions only two employees (Raymond Wong and Derrick), with no LinkedIn or professional background verification, casting doubt on the team's authenticity.
III. Ponzi Core: Six Ironclad Proofs of the Ponzi Structure
The Mathematical Paradox of Return Logic
The website promises an annual return of 20%-54%, while the S&P 500 index's average annual return is about 10%, and Buffett's annual return is about 20%. If OAM Global's "excess return" truly existed, it would overturn global asset management rules, yet it reveals no underlying assets, transaction records, or third-party audit reports.
The Pyramid Scheme Characteristics of User Growth
- Community Expansion: Claims "20,000 community members attracted in 2 years," but the website has less than 100 monthly visits, with zero user reviews, fitting the pyramid scheme model of "recruit to earn commissions";
- Hierarchical Incentives: Although no specific system disclosed, the "community copy trading" model usually includes design for downline commissions.
Unverifiable Nature of Fund Pools
- Fake AUM Data: The claimed asset management scale of $50 million in 2023 and $210 million in 2024, if true, should generate millions in management fees, yet the platform shows no financial statements, and partners are all low-price stock companies with no custodial capability;
- Trust Fund Scam: The so-called "Grand Koala SPC Trust Fund" discloses no subscription agreements, net asset value reports, or redemption mechanisms, serving as a fund aggregation tool in reality.
The Emperor's New Clothes of Technical Packaging
- Algorithm Black Box: No historical backtesting data, live performance, or risk control logic of AI trading strategy revealed, only using jargon like "big data" and "machine learning" for decoration;
- Fake Milestones: From "servicing financial institutions" in 2017 to "retail business launch" in 2022, with no actual client cases or partner corroboration.
IV. Risk Overview: Key Risk Points of OAM Global
- Regulatory Fraud: Impersonating SFC licensing, essentially unlicensed operations;
- Uncontrolled Funds: No third-party custody, funds may flow to offshore shells;
- Associated Risks: Both the parent company and partners involve Ponzi schemes or shell company maneuvers;
- Return Scam: High return promises supported by a Ponzi structure are bound to collapse;
- Information Fraud: Fabrication of team, partners, regulatory credentials;
- Technical Deception: No substance in algorithmic trading, reliant on marketing rhetoric to mask emptiness.
Conclusion: When "Compliance" Becomes the Biggest Scam
The script of OAM Global is not new—utilizing the "shell resources" of Hong Kong-listed companies for gilded appearances, impersonating licensed institutions to fabricate compliance, and packaging the essence of a Ponzi scheme with buzzwords like AI. Its uniqueness lies in exploiting regulatory arbitrage to the fullest: misguiding investors with the authority of the SFC on one hand, while entirely evading regulation through offshore structures.
For investors, there remains one core question: if OAM Global is truly "safe and compliant" as it claims, why not disclose license numbers, office addresses, or audit reports? The answer is obvious: this is a meticulously designed "compliance cosplay," and the masterminds have long paved their escape route.
