114 articles
NST Online reports that police have identified additional individuals connected to the MBI Ponzi scheme founder. The investigation continues to expand as authorities work to uncover the full network involved in the scheme. Malaysian consumers should verify any investment opportunity's registration with relevant authorities before committing funds.
An ex-sales agent connected to a multi-million-dollar gold investment scam has been jailed, according to The Straits Times. The case highlights risks associated with investment schemes promoted through direct-selling channels. Malaysian investors should exercise caution with unsolicited investment opportunities and verify credentials with relevant financial authorities before committing funds.
According to The Straits Times, Shopee customers lost $399,000 in 2024 by making payments outside the app to scammers. This incident demonstrates the risks of conducting transactions outside official e-commerce platforms. Malaysian shoppers are advised to always complete payments through secure, official app features and avoid off-platform payment methods.
The Nation Newspaper reports on QNET's decades of growth and success as evidence that it is not a scam. The company's longevity in the market is presented as support for its legitimacy. Consumers interested in direct-selling opportunities should independently verify a company's KPDN license and regulatory standing before joining.
Thai PBS World reports on celebrity-related scams that occurred in Thailand during 2024. These incidents demonstrate how scammers exploit public figures' reputation and fan loyalty. Malaysian consumers should be cautious of investment or purchase opportunities promoted by celebrities and verify offerings through official channels.
Vulcan Post identifies three popular online scams that target Malaysian shoppers during sales seasons and provides guidance on avoiding them. The article addresses tactics commonly used by fraudsters during peak shopping periods. Shoppers should research merchant reviews, use secure payment methods, and verify seller authenticity before completing high-value transactions.
Ninja Van Malaysia has shared advice on avoiding scams during the 11.11 and 12.12 sales events, according to CILISOS. The logistics provider offers guidance targeting shopping fraud prevalent during major online sales campaigns. Consumers should verify delivery tracking information and confirm orders through official retailers during high-traffic shopping periods.
Thai PBS World reports on iCon, described as one of Thailand's biggest alleged scams, examining the costs incurred by victims. The report details the significant financial impact of this scheme. Consumers in Malaysia should be cautious of schemes promising unrealistic returns and verify their KPDN status before engaging.
Liberianobserver.com reports QNET's statement that the company focuses on empowerment rather than exploitation or scams. Malaysian consumers should independently verify any direct-selling company's credentials with KPDN and research its reputation before participation.
GhanaWeb reports that QNET is actively engaging critical stakeholders across Africa to combat direct-selling industry scams. The initiative aims to address fraudulent practices in the sector. Consumers should verify that any direct-selling company they engage with holds a valid KPDN license and has a transparent track record.
The Straits Times reports that multiple countries are establishing anti-scam centres to combat fraud, with authorities emphasizing that increased teamwork and rapid response are vital to retrieve lost funds from victims. Malaysian consumers should verify investment opportunities and check KPDN licensing before participating.
Daily Express Malaysia provides guidance on how victims of scams can attempt to recover their money. Malaysian consumers who fall victim to fraud should report the incident to relevant authorities and seek professional advice on recovery options.