262 articles
ABS-CBN has reported on seven warning signs that consumers should watch for to identify online shopping scams. These indicators help people recognize fraudulent transactions before losing money. Malaysian shoppers should remain vigilant when making online purchases and verify seller credentials before committing to any transaction.
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.
Police reports that $167,000 has been lost to online scams perpetrated through fake advertisements on Facebook and Instagram since September 2023. These fraudulent schemes have targeted numerous individuals. Malaysians should verify the legitimacy of online offers and check whether companies hold valid KPDN licenses before engaging.
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 Straits Times reports that a man has been arrested on suspicion of involvement in scams involving MacBook sales on Carousell. Consumers using online marketplaces in Malaysia should exercise caution when making high-value purchases and verify seller credentials before transacting.
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.
The Star reports a cautious outlook for Beshom, attributed to weak multi-level marketing numbers. The company's MLM segment is experiencing challenges. Before joining or investing in any direct-selling company in Malaysia, verify that it holds a valid KPDN license.
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.