Quantedge Capital Co. Limited: The Fake Platform Behind a RM703,000 Loss
A woman from Kuantan lost RM703,000 after falling for an investment scam linked to a platform called Quantedge Capital Co. Limited. The 47-year-old company manager believed she was investing in a legitimate opportunity shared with her through WhatsApp. Over the course of ten months, she transferred large sums of money but never received any returns.
Scam Alert: Retired Teacher Loses RM700,000 to Stocks Qs Secure
A 69-year-old retired teacher and part-time contractor has lost more than RM700,000 after falling victim to an online investment scam advertised on Google.
Vanishing Fortunes: RM1.9 Million Lost in a Crypto Scam
A 69-year-old plantation manager from Johor has fallen victim to a sophisticated cryptocurrency scam, losing RM1.9 million to a fraudulent investment scheme.
Scammers Exploiting Gold’s New High: Malaysian Lost RM766K to a Gold Scam
A Malaysian company manager recently suffered a significant loss of RM766,788 (US$173,000) after falling victim to an elaborate gold investment scam promoted on Facebook.
Senior Lost RM62,109 to an Investment Scam That Promised High Returns
A 73-year-old retiree in Malaysia recently fell victim to an elaborate investment scam, losing RM62,109 after being lured by the promise of high returns.
Rising Fraud in Melaka: Over RM1 Million Lost in Three Months
Melaka has witnessed a surge in online fraud cases, with a total of 112 reported incidents between January 1 and March 13 this year, resulting in financial losses amounting to approximately RM1.03 million.
Online Investment Scams on the Rise: How Two Victims Lost Over RM100K
Authorities in Johor are investigating two online investment scams that have left victims including a teacher and a surveyor, losing a significant total of RM102,024
Vanished Savings: How One Woman Lost RM412,443 to an Online Scam
A 58-year-old Malaysian housewife lost her savings of RM412,443 after falling prey to an online investment scam between January and March this year.
Retiree Loses RM2.33 Million in Investment Scam – Could You Be Next?
A 62-year-old retiree in Malaysia has reportedly lost RM2.33 million after falling victim to a fraudulent stock investment scheme promoted through a WhatsApp group.
5 Deepfake Scams Exposed in Malaysia
Authorities in Malaysia have identified five deepfake videos linked to fraudulent investment schemes, highlighting the growing threat posed by artificial intelligence (AI)-driven scams.
Teacher Lost Life Savings in WhatsApp Investment Fraud
A Malaysian teacher recently became the victim of an elaborate investment scam, losing more than RM200,000 after being lured into a fraudulent Bitcoin scheme through WhatsApp.
Malaysian Vendor Falls Victim to Forex Scam, Losing RM500K in Life Savings
A Malaysian night market vendor has lost RM500,000 which is the entirety of his and his wife’s life savings after falling prey to a fraudulent foreign exchange investment scheme registered in Seychelles, East Africa.
Retiree Lost RM4 Million to a Facebook Investment Scam
A 73-year-old retiree suffered a devastating financial loss of RM4 million after falling prey to a fraudulent share investment scheme advertised on Facebook.
Investment Scams on Social Media: Why Do People Still Fall for Them?
In the digital era, social media platforms have become a double-edged sword. While they connect millions of users worldwide, they have also evolved into a breeding ground for fraudulent investment schemes. Criminals exploit these platforms to lure unsuspecting victims with promises of quick and high returns.
How a Crypto Scam Cost Company Manager RM2.56 Million
A 42-year-old company manager in Malaysia has fallen victim to a cryptocurrency investment scam, losing RM2.56 million to an illicit scheme known as UVKXE. The fraudulent investment platform lured victims with promises of high returns ranging from 10 to 50 per cent.
Spotting Red Flags: The Ultimate Guide to Dodging WhatsApp & Telegram Stock Scams
Learn to Recognize Fake Tips, Pump-and-Dump Schemes, and Social Media Traps Before You Lose Money.
Investment Scam on Telegram: How a Woman Lost Over RM65,000
A 32-year-old accountant in Malaysia lost RM65,520 after falling victim to an investment scam operated through Telegram. The Kuala Terengganu district police confirmed that the scam was orchestrated by a syndicate that promised high returns to lure unsuspecting investors.
3-Day Online Scam Trap: Victims Lose $200K—Don't Be Next!
Scam syndicates are now exploiting fake online investment schemes, defrauding victims of millions within just three days. According to 2024 police data, online fraud cases surged by 29%, with losses exceeding RM1.57 billion. Non-existent investment scams alone saw an 80% increase, costing victims RM848.62 million.
Woman Scammed Out of RM200,000 in Investment Fraud
A 54-year-old vegetable trader from Tepoh, Kuala Nerus, was scammed out of RM214,700 after falling for a fraudulent investment scheme advertised on Facebook. The victim was lured by promises of quick, high returns with minimal investment
Ex-Manager Scammed of RM2M in Fake Investment
A Malaysian ex-manager lost RM2 million to a fake crypto investment via the digzax.com platform after being lured by promises of high returns. Police urge caution against unregulated apps and social media offers.