Majority of investment scams in Malaysia rise linked to social media, say cops

KUALA LUMPUR: This year, the majority of the 4,355 investment scam cases in Malaysia have been linked to schemes advertised on social media sites and chat applications, says Comm Datuk Seri Ramli Mohamed Yoosuf. The director of the Bukit Aman Commercial Crime Investigation Department (CCID) reported that 82%, or 3,574 cases, began with advertisements on social...

Don’t fall for investment schemes on social media, says CCID director

KUALA LUMPUR: Most investment schemes advertised on social media are scams and should not be believed, says Comm Datuk Seri Ramli Mohamed Yoosuf. The Bukit Aman Commercial Crime Investigation Department (CCID) director said regardless of the platform, the schemes advertised are typically scams designed to dupe people. "Don't believe the investment schemes being advertised on social media. ALSO...

Slight dip in commercial crime cases for first five months of 2024, says Bukit Aman

KUALA LUMPUR: The number of commercial crime cases decreased slightly during the first five months of this year compared to the same period last year, says Comm Datuk Seri Ramli Mohamed Yoosuf (pic). The Bukit Aman Commercial Crime Investigation Department (CCID) director said a total of 11,696 cases were recorded from Jan 1 to May 12. "It...

Negri women lose RM1.1mil in investment scams

SEREMBAN: Two women have lost a total of RM1.12mil in investment scams that promised unusually high returns, says Negri Sembilan police chief Deputy Comm Datuk Ahmad Dzaffir Mohd Yusoff. He said in one case, a 44-year-old woman in Bahau near here lost RM621,800 after putting her money into a gold investment scheme which promised high returns...