News Formal

SC cautions public over investment scams

  • 📰 staronline
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

Recently, there has been a sharp increase of investment scam cases on the Telegram app.

In a statement yesterday, the SC said it had received a total of 47 complaints and enquiries since January 2022, on illegal investment schemes promoted through Telegram.

“They commonly offer unrealistic returns of as high as 1,000% within 24 hours or even within a few hours.”“They may also impersonate or clone licensed capital market intermediaries by using the names, logos, credentials, websites and other details of the legitimate entities to promote the illegal schemes.

The SC said interested investors will then be asked to directly message the representatives to begin investing in the various investment packages offered.

 

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:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

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

SC alerts public on rise in investment scams promoted on TelegramKUALA LUMPUR: The Securities Commission Malaysia (SC) has alerted the public on the sharp increase in investment scams promoted on the Telegram messag...
Source: theSundaily - 🏆 25. / 51 Read more »

SC alerts public on rise in investment scams promoted on TelegramThese fraudulent schemes offer non-existent investment opportunities. What about scams from the current government itself ?
Source: malaysiakini - 🏆 20. / 51 Read more »

SC alerts public on rise in investment scams promoted on TelegramKUALA LUMPUR: The Securities Commission Malaysia (SC) has alerted the public on the sharp increase in investment scams promoted on the Telegram messag...
Source: theSundaily - 🏆 25. / 51 Read more »

SC alerts public on rise in investment scams promoted on TelegramThese fraudulent schemes offer non-existent investment opportunities. What about scams from the current government itself ?
Source: malaysiakini - 🏆 20. / 51 Read more »