142 articles
SG police report: S$3.6M lost from “free lessons” investment scams via chat group since May The Independent Singapore News
The Star reports that rental scams are running rampant, affecting many consumers seeking housing. When renting in Malaysia, consumers should verify all agreement terms, check the landlord's legitimacy and credentials, and avoid making advance payments to unverified individuals.
The Star reports that over 300 foreign nationals have lodged complaints regarding an alleged RM8 billion scam perpetrated by a Malaysian individual. Consumers should exercise caution and verify the legitimacy of any direct-selling opportunity, checking KPDN licensing and seeking independent verification before committing funds.
The Star reports that a trader lost RM25,000 in an online sale scam. This highlights the risks consumers face in online commerce. When conducting online transactions, verify the seller's identity and use secure payment methods to protect against fraud.
NST Online reports on real estate transaction scams and educates buyers on preventive measures and warning signs. Malaysian consumers should conduct thorough due diligence when engaging in real estate transactions and verify all credentials and legal documentation.
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.
AsiaOne reports that a man has been arrested for allegedly operating Apple product scams that caused $19.5k in losses in Singapore. This case highlights the risks of fraudulent online sales and resale schemes. Malaysian consumers should purchase electronics only from authorized retailers and verify sellers' credentials before making purchases.
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 MLM racket connected to QNet. Consumers should be cautious of MLM schemes operating across state borders and verify regulatory status before participation.
The QNet scam targeted technology professionals with promises of second income, resulting in significant financial losses.
Daijiworld reports that 32 individuals have been arrested in a major crackdown on the QNet MLM scam spanning three states. Malaysians should remain alert to fraudulent MLM operations and contact KPDN or local authorities if they encounter suspicious direct-selling schemes.
thephilbiznews reports that the DTI and DSAP have established a partnership aimed at combating online scams and protecting consumers. Malaysian consumers should remain cautious of online direct-selling offers and verify company credentials with KPDN before engaging in any transactions.