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Investment scams on TikTok rise to 90%

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The scams have resulted in losses amounting to RM15 million.

: There has been a surge in investment scams advertised on TikTok, recording a 90% jump since 2021 involving losses totaling RM15 million.

“As for losses, we recorded RM410,000 in 2021 followed by RM1.28 million in 2022 and RM7.25 million last year,“ he was quoted as saying.Telegram app most commonly used in investment scams, says Bukit Aman

 

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