95 articles
VnExpress International reports that a Vietnamese woman has been jailed for trafficking 18 people to scam compounds in Thailand and Myanmar. Malaysian consumers should verify the legitimacy of any direct-selling opportunity and check that companies operating locally hold valid KPDN licenses.
An MLM scam in Hyderabad has been exposed, revealing how promises of earning large sums target middle-class individuals.
Moneylife reports that Hyderabad Police have arrested 32 individuals involved in a multi-state QNet MLM racket. Malaysian consumers should always verify a direct-selling company's KPDN registration and check for any regulatory warnings before participating.
The QNet scam targeted technology professionals with promises of second income, resulting in significant financial losses.
Daijiworld reports that 32 arrests have been made in a major QNet MLM scam crackdown spanning three states. Before engaging with any direct-selling company in Malaysia, consumers should confirm its KPDN license status and review its regulatory history.
The News-Enterprise reports that direct-sales agents are being targeted by check scams, highlighting fraud risks in the sector.
QNET Against Scams: Company reinforces commitment to consumer protection and combating scams at New Year media webinar MyJoyOnline
Free Press Journal reports that a man in Mumbai's Kandivali area has been arrested for allegedly defrauding a freelancer of ₹69 lakh through a share-linked loan scheme. Malaysian consumers should remain cautious of unsolicited investment opportunities and verify the legitimacy of any financial scheme before participating.
The Times of India reports that the Enforcement Directorate has mapped a global money trail and identified assets across the United States, Dubai, and Indonesia related to the Falcon scam. Malaysian consumers should remain vigilant about investment schemes promising unusually high returns and verify the legitimacy of any financial opportunity through KPDN or BNM.
The Australian Broadcasting Corporation reports that one of Australia's largest MLM companies is facing criticism and being characterized as a pyramid scheme. Malaysian consumers should understand the distinction between legitimate direct-selling and pyramid schemes, and verify company credentials with KPDN.
The Star reports that a sales officer lost nearly RM2 million to an investment scam. This case underscores the importance of verifying investment opportunities through licensed financial advisors and regulatory bodies such as BNM or KPDN before committing funds.
Malay Mail reports that a Kuching businessman and his family lost RM750,000 to a China-based pyramid scheme that promised returns of up to 100 times their investment. Malaysians should be extremely cautious of overseas investment schemes offering unrealistic returns and report suspected fraud to the relevant authorities.