95 articles
The New Indian Express reports that a QNET scam victim died by suicide in Hyderabad, while the company's management has denied the allegations. The incident underscores serious concerns about the company's business practices and impact on participants. Consumers should thoroughly research any MLM company's reputation and regulatory history before committing financially.
QNet Scam: Cyberabad Police Issue Notices to Shah Rukh Khan, Anil Kapoor, Jackie Shroff, Boman Irani, Vivek Oberoi & Yuvraj Singh Among 500 Others Moneylife
QNet scam: Shahrukh Khan, other Bollywood actors served notices for endorsing firm The News Minute
QNet: Secret SFIO report says MLM, Ponzi schemes ‘a threat to national security’ Moneylife
Akaun skim piramid Monspace Group dibekukan Utusan Borneo
Yahoo News Singapore reports that six men face charges for involvement in MLM and pyramid scheme operations spanning Singapore and Malaysia. The prosecution reflects cross-border enforcement efforts against illegal direct-selling schemes. Malaysians should verify company credentials and avoid schemes promising unrealistic returns.
Freed from S'pore prison after 9 years, local king of Ponzi scheme faces M'sia jail time Mothership
Online shoppers in a web of scammers NST Online
Serious Fraud Office warns of £120m pension scam The Guardian
Malay Mail reports on why Malaysians continue to fall victim to investment scams despite widespread awareness campaigns. Consumers should always verify investment opportunities through official regulators and avoid schemes promising unrealistic returns.
Free Malaysia Today reports that BNM has cautioned that investors themselves can face charges in connection with financial scams. Consumers should ensure they understand the legal implications before participating in any investment scheme.
Michael Ferreira gets bail in Rs 1,000-cr QNet scam: Here's how the Padma awardee got into trouble Firstpost