First of all, the other party's extortion of men belongs to telecom fraud, which has violated the law and the amount involved is huge; Secondly, this online lending platform has no formal qualifications, exceeding the annual interest rate stipulated by the state by 36%; Then fraudsters specifically target men, find each other's weaknesses and threaten each other to repay. In the end, men will be burdened with high loans and it will be difficult to turn over.
A loan contract with an annual interest rate exceeding 36% is invalid.
The national civil law has detailed provisions on the annual interest rate of online loans. The fixed annual interest rate protected by law is 24%, and the annual interest rate of natural debt is 24%-36%. Once it exceeds 36%, it will be regarded as an invalid loan contract. According to the man, the annual interest rate of online loans is 4000%, which means usury. Not only do you have to pay interest, but even if you have paid interest, you can recover it through legal channels.
Man encounters telecom fraud.
Not only is the online loan interest rate illegal, but men are obviously defrauded by telecommunications. Generally, in such fraud cases, fraudsters will trick men into downloading third-party apps through words, avatars, etc., and then install illegal software on mobile phones, and at the same time obtain explicit videos of men to extort money from men. Once the man refuses, the fraudster will threaten to send the video to the people in the address book. Men, on the other hand, will face great mental pressure. Generally, after struggling, they will agree to the fraudster's request, exchange videos at the expense of money, and finally take on high loans.
If you find extortion and high online loans, you should call the police in time.
Although the man suffered economic losses, it also reflected his weak safety awareness and ignorance of a clean life. When surfing the Internet, don't download illegal software casually, and avoid videos and intimate contact with strangers. If you encounter this kind of naked chat and are defrauded and blackmailed, you must avoid repaying the online loan according to the other party's statement, and at the same time keep the corresponding evidence and call the police at the first time to avoid further economic losses.