Scam Alert
Check scam targets direct-sales agents
The News-Enterprise reports that direct-sales agents are being targeted by check scams, highlighting fraud risks in the sector.
MLM & Direct Sales News Malaysia
142 articles
Scam Alert
Metallica Warns Fans About Ticket Scammers Ahead of Las Vegas Residency
Yahoo reports that Metallica has issued a warning to fans about ticket scammers operating ahead of the band's Las Vegas residency. The warning alerts concertgoers to fraudulent ticket sales schemes. Consumers should purchase tickets only from official vendors and verify seller legitimacy before completing any transaction.
Scam AlertQnet (M) Sdn. Bhd.
QNET Against Scams: Company reinforces commitment to consumer protection and combating scams at New Year media webinar
QNET Against Scams: Company reinforces commitment to consumer protection and combating scams at New Year media webinar MyJoyOnline
Scam Alert
US-Malaysia join forces to combat online scams
The United States and Malaysia have joined forces to combat online scams, as reported by NST Online. This collaborative effort addresses the growing threat of digital fraud. Malaysians should remain vigilant and verify the legitimacy of online offers and companies before engaging with them.
Scam AlertBerita Publishing Sdn. Bhd.
Buying K-pop merch? Beware of e-commerce scams, police warn, Singapore News
AsiaOne reports that police have issued a warning about e-commerce scams targeting K-pop merchandise buyers. Consumers should exercise caution when purchasing online and verify seller legitimacy before making transactions.
Scam Alert
Mumbai Fraud Alert: Kandivali Man Arrested For Duping Freelancer In ₹69 Lakh Share-Linked Loan Scam
Free Press Journal reports that a man in Mumbai's Kandivali area has been arrested for defrauding a freelancer of ₹69 lakh through a share-linked loan scam. Malaysian consumers should remain vigilant against similar fraudulent schemes and verify investment opportunities through official regulatory channels.
Scam AlertThe Edge Comminications Sdn. Bhd.
STORIES OF THE YEAR: The Ponzi scheme that rocked Penang
The Edge Malaysia reported on a Ponzi scheme in Penang that rocked the state, featuring it as one of the year's major stories. The incident drew significant attention from the publication. Malaysian consumers should verify investment opportunities with relevant authorities before participating in any schemes.
Scam AlertFalcon Import Export Trading Sdn. Bhd.
Falcon Scam: ED maps global money trail, assets across US, Dubai, Indonesia
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.
Scam Alert
One of Australia's biggest MLMs is being described as a 'pyramid scheme'
One of Australia's biggest MLMs is being described as a 'pyramid scheme' ABC News & Headlines – Australian Broadcasting Corporation
Scam Alert
Authorities intensify action against scams, illegal gambling in Shwe Kokko and KK Park
Global New Light Of Myanmar reports that authorities are intensifying enforcement actions against scams and illegal gambling operations in the areas of Shwe Kokko and KK Park. The report documents government crackdowns on these illegal activities. Malaysian consumers should remain vigilant about suspicious direct-selling schemes and verify KPDN licensing for all companies.
Scam AlertBerita Publishing Sdn. Bhd.
Man arrested for alleged involvement in scams involving Pokemon trading cards, Singapore News
AsiaOne reports that a man has been arrested in Singapore for alleged involvement in scams related to Pokemon trading cards. Consumers should be cautious when purchasing collectible items and verify the authenticity and legitimacy of sellers before making transactions.
Scam Alert
Sales officer loses nearly RM2mil to investment scam
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.