News Formal

At least $25.5 million lost to investment scams since June

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

At least 498 people have lost no less than $25.5 million to investment scams since June this year. The police said on Wednesday that the victims were duped into parting with their money for “investments” in cryptocurrencies and stocks among others. They had...

To convince them that their “investments” were legitimate, the victims would receive small profits initially.

In the second approach, the victims either searched online for investment opportunities or came across advertisements on social media. In other instances, victims would receive phone calls or messages from the scammers posing as staff from investment companies or brokers. Scammers would pretend to be staff from investment companies or brokers to trick their victims. PHOTOS: SINGAPORE POLICE FORCE

 

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:

 /  🏆 7. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

At least $25.5 million lost to investment scams since JuneSINGAPORE – At least 498 people have lost no less than $25.5 million to investment scams since June this year. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »