132 articles
ABS-CBN has reported on seven warning signs that consumers should watch for to identify online shopping scams. These indicators help people recognize fraudulent transactions before losing money. Malaysian shoppers should remain vigilant when making online purchases and verify seller credentials before committing to any transaction.
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.
The Straits Times reports that a couple were identified as the founders of a pyramid scheme that involved nearly 4,000 people and over $3 million, according to the Director of Public Prosecutions. This highlights the risks of pyramid schemes; Malaysian consumers should avoid investment opportunities that promise guaranteed returns or require recruitment.
The Straits Times reports that a man has been arrested on suspicion of involvement in scams involving MacBook sales on Carousell. Consumers using online marketplaces in Malaysia should exercise caution when making high-value purchases and verify seller credentials before transacting.
Mid-day reports that QNET exemplifies why the direct-selling model is not inherently a scam. The article examines the company's business structure and legitimacy. Malaysian consumers should verify any direct-selling company's KPDN license and review independent feedback before participation.
BusinessToday Malaysia reports that e-commerce scams in Malaysia have reached alarming levels, with recorded losses totaling RM163 million. Consumers should exercise extreme caution when making online purchases, verify merchant credentials, and use secure payment methods to protect their financial information.
Daily Sun reports that financial scams continue to proliferate, draining money from ordinary citizens across the country. Malaysians should protect themselves by never sharing personal banking details, verifying investment opportunities independently, and reporting suspected fraud to relevant authorities.
The Straits Times reports that a man has been arrested on suspicion of involvement in a scam conducted on the Carousell online marketplace platform. Consumers using such platforms should verify seller credentials, meet in safe public locations, and report suspicious activity to platform authorities.
The Straits Times reported an online mooncake scam in which 27 victims lost a total of $325,000 within a month. This case highlights the risks of online purchases from unverified sellers. Malaysian consumers should verify seller credentials and exercise caution when making online purchases, especially for seasonal products.
Malay Mail reports that a man in Kuala Lumpur lost RM90,000 in a car sale scam. The incident illustrates the financial risks consumers face when engaging in unverified transactions. Malaysians should conduct thorough due diligence on sellers and use secure payment methods to protect themselves from fraud.
The Edge Malaysia reports on a new gold investment scam, suggesting that investors continue to fall victim to fraudulent schemes despite repeated warnings. The article underscores persistent vulnerability to deceptive investment opportunities. Malaysians should verify investment products with BNM or relevant regulators and avoid schemes promising unrealistic returns.
Docwire News reported an association between a Herbalife weight loss product and a fatal liver failure case. Consumers should verify product registration with NPRA and check for adverse event reports before using any direct-selling health products.