: 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.
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