简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract：Malaysian police have warned the public about a surge in social media investment scams that promise extremely high returns, such as turning RM300 into more than RM13,000. Authorities say these offers are clear red flags, as scammers often use fake testimonials and profit screenshots to gain trust before disappearing with victims’ money. The public is urged to verify investment platforms and avoid schemes that guarantee profits.
Malaysian police have issued a public warning over a new wave of investment scams circulating on social media platforms, particularly TikTok, where fraud syndicates are promoting so-called “high return investment packages” to lure unsuspecting victims.
According to authorities, scammers have been advertising investment opportunities that promise extraordinary profits within a short period of time. Some of the promotional materials claim that an investment of as little as RM300 could generate returns exceeding RM13,000, while other packages suggest that RM500 could bring profits of more than RM16,000.
Investigators say such promises are clear warning signs of fraudulent schemes.
In most cases, the scams begin with advertisements posted on social media platforms. Interested individuals are encouraged to contact the promoters through private messages or messaging applications. Once contact is established, victims are often shown screenshots of supposed investment profits or testimonials from other “participants” to build credibility.
After gaining the victims trust, the syndicate will instruct them to transfer funds into a designated bank account. Once the money is sent, the scammers typically disappear, leaving victims with no way to recover their losses.
Authorities emphasised that legitimate investment opportunities do not guarantee fixed or unusually high returns. Financial institutions and licensed investment companies are required to operate under strict regulatory frameworks and would not request payments through informal channels or personal accounts.
Police have advised members of the public to exercise caution when encountering investment offers online, especially those promoted through social media advertisements. Individuals are encouraged to verify the legitimacy of investment platforms and companies before committing any funds.
The authorities also reminded the public that offers promising “guaranteed profits” or “risk-free investments” are among the most common red flags associated with financial scams.
With online investment fraud continuing to rise, police urge the public to remain vigilant and report suspicious activities to the relevant authorities.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
According to figures released by the Royal Malaysia Police, a total of 787 non-existent investment scam cases were recorded nationwide in January alone. The reported losses reached approximately RM115 million.
Failing to transfer funds into or out of your Moneycorp trading account? Have you faced a sudden account closure by a United Kingdom-based forex broker? Has the broker’s customer support service failed to resolve your queries? Did their behavior remain far from good while addressing your queries? You are not alone! Many traders have questioned such alleged trading practices by the broker. In this Moneycorp review article, we have highlighted some of their complaints. Read on!
FXORO, a Seychelles-based forex broker, has been receiving quite a few negative reviews from traders. Looking at the overall complaints, traders are not happy with the way the broker handles withdrawal issues. Even more concerning is the loss due to its alleged advice of not using risk management tools. Some traders even alleged to have been taken advantage of by the broker’s officials. In this FXORO review article, we have collected a list of complaints against the broker. Keep reading to know about them.
Lured into trading on the EPFX platform with an attractive bonus that did not come to your account? Was your profile disabled by the broker upon raising a technical query concerning a profit withdrawal request? Did the South Africa-based forex broker deny you access to withdraw your hard-earned capital from the platform? Have you faced account closure by the EPFX broker without any reason? These alleged scams have become the centre of discussion on broker review platforms. We have shared these complaints in this EPFX review article. Keep reading!
WikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFXWikiFX
