Don't fall for investment schemes on social media, says CCID director

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Courts Crime News

Investment Scams,Social Media,Warning

IN A historic feat, Asia Pacific University of Technology and Innovation (APU) has become the first and only Malaysian university to receive accreditation from the Quality Assurance Agency for Higher Education (QAA) in the UK.

KUALA LUMPUR: Most investment schemes advertised on social media are scams and should not be believed, says Comm Datuk Seri Ramli Mohamed Yoosuf.

The Bukit Aman Commercial Crime Investigation Department director said regardless of the platform, the schemes advertised are typically scams designed to dupe people."If it's too good to be true, it is most likely a scam," he told reporters after the graduation ceremony for police sarjan trainees at the Police Training Centre here on Friday .It was reported that Malaysian mixed doubles shuttler Lai Pei Jing suffered a huge blow when she lost almost all her life savings to a scam.

"They were duped by investment scams. These cases were given more coverage owing to their status as famous athletes," he said."There is no shortcut to getting rich.Comm Ramli said that tactics used by such Investment scam syndicates include portraying abundant wealth to entice victims.Melaka man beats, slashes older brother in dispute over motorcycle

 

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