222 articles
GhanaWeb reports that QNET is actively engaging critical stakeholders across Africa to combat direct-selling industry scams. The initiative aims to address fraudulent practices in the sector. Consumers should verify that any direct-selling company they engage with holds a valid KPDN license and has a transparent track record.
The Straits Times reports that multiple countries are establishing anti-scam centres to combat fraud, with authorities emphasizing that increased teamwork and rapid response are vital to retrieve lost funds from victims. Malaysian consumers should verify investment opportunities and check KPDN licensing before participating.
Women in regional Australia are being funnelled into an MLM promising "financial freedom", but what's the real cost? ABC News & Headlines – Australian Broadcasting Corporation
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 Edge Malaysia's Coffee Break column examines why the MLM industry continues to attract new recruits despite various challenges. Prospective participants should carefully research any MLM company's history, income claims, and regulatory status with KPDN before making any financial commitment.
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.
NST Online reports that DXN has announced a dividend policy to distribute at least 50 percent of its net profit to shareholders. Malaysian investors should always verify any company's licensing and review its financial disclosures independently before investing.
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.
The Edge Malaysia reports that the MLM industry is facing challenges as consumer sentiment toward direct-selling companies continues to weaken. This environment reflects growing awareness of MLM risks; consumers should remain vigilant and verify any company's KPDN licensing and business practices.
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.