Cops hunt syndicate members using renowned investment firm’s name to scam people

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Bernama News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: Police are on the hunt for seven more members of a syndicate that misused the name of a world-renowned investment company to deceive vic...

: Police are on the hunt for seven more members of a syndicate that misused the name of a world-renowned investment company to deceive victims, resulting in losses of nearly RM33 million.

“This investment fraud syndicate conducts its operations entirely online, using the name of a top investment company to mislead victims. He said that 17 syndicate members, including a local woman, aged between 23 and 52, were arrested previously, and 66 investigation papers have been opened since last January.

“The syndicate promotes its investment schemes on Facebook, utilising the platform’s algorithm to maximise reach, offering daily profits ranging from six to 400 per cent, depending on the selected package.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines