PJT Academy Scam: RM459,000 Lost to a Fake Trading Group
A 73-year-old retiree in Johor Bahru lost RM459,000 to an online investment scam operated by a group calling itself PJT Academy. The group claimed to teach members how to trade stocks using an app called 'USMSG', promising returns of up to 200%.
RM511K Lost in Whatsapp Investment Scam ‘Destiny On Your Hands”
A teacher from Georgetown, Penang, has lost RM511,000 after falling victim to an online investment scam run through a WhatsApp group named ‘Destiny On Your Hands’ that promised high returns.
Clicking on a Facebook Ad Cost Him His Life Savings of RM186,800
A 70-year-old retiree from Muar, Malaysia, lost RM186,800 of his savings after falling for an online investment scam that was advertised on Facebook.
Meta Cracks Down on Scam Networks Targeting Brazil and India
Meta removes over 23,000 scam accounts, using deepfakes and fake investment apps to defraud users in Brazil and India. Learn how to protect yourself from scams.
Who Are the Cybercriminals Behind the Darcula Phishing Network?
Norwegian researchers uncover Darcula, a phishing-as-a-service operation with 884,000 stolen cards, linking scammers to luxury goods and global crime rings.
Beware of POSB Phishing Scams: $172,000 Lost! Protect Yourself Now
Over $172,000 lost in POSB phishing scams since April. Learn how to protect yourself from banking fraud with these crucial safety tips.
Beware of Rising Online Scams in the Philippines: A Growing Threat
Online scams in the Philippines are escalating, with text and call-based fraud targeting millions. Learn about the impact and how to protect yourself from cybercrimes.
Regulators Uncover $1.2 Billion Fraud Linked to IM Academy
A global investment training company operating under multiple brand identities has come under intense legal scrutiny after being accused of defrauding consumers of over $1 billion. The Federal Trade Commission (FTC) and the state of Nevada jointly filed a lawsuit on Thursday, alleging the company used deceptive tactics and exaggerated income claims to lure thousands of individuals into its schemes.
U.S. Treasury Targets Cambodia’s Huione Group for Cybercrime Money Laundering
U.S. Treasury targets Huione Group for laundering $4B in cybercrime funds, including North Korea’s Lazarus Group scams, to disrupt global illicit finance networks.
The Golden Trap: How Gold Scams Soar with Gold's Bullish Momentum
In recent years, gold has been on a remarkable bullish streak, prompting investors to flock to the precious metal as a hedge against inflation and global uncertainty. While gold's upward momentum has been beneficial for many, it has also triggered a concerning rise in scams targeting unsuspecting investors. As the value of gold continues to surge, so too do the schemes designed to exploit those eager to capitalise on its appeal.
EVR Investment Academy Duped a Retiree Out of RM586,450
A 50-year-old Malaysian retiree has lost RM586,450 to EVR Investment Academy, which operates as a fake investment ‘academy’ that promises high returns through a non-existent trading platform.
Promised 200% Return in 3 Months Turned into a RM1.8 Million Scam?!
He was promised a 200% return in 3 months. Do you think that’s too good to be true?!
FCA Shuts Down Direct Trading Technologies Over Fraud Concerns
FCA revokes DTT's UK license over falsified audit records and poor financial controls. Firm must return client funds and cease all regulated services.
FTC and Nevada Target $1.2 Billion Investment Scam | IML Exposed
FTC and Nevada crack down on IML scam, exposing false earnings claims and deceptive multi-level marketing tactics that stole over $1.2 billion from consumers.
SEC Charges Dallas Trio in $91M Ponzi Scheme Defrauding Investors
The SEC charges Kenneth W. Alexander, Robert D. Welsh, and Caedrynn E. Conner for running a $91M Ponzi scheme, promising false returns and misappropriating funds.
How Two Simple Messages Led to a Million-Ringgit Disaster
In Penang, a 70-year-old account manager from a private company lost RM1.36 million after falling for a scam advertised through WhatsApp that promoted a stock trading app called ‘BIONM’. The app claimed it could give returns of 8% to 15% within just two months.
He Lost RM558,000 Overnight: Are You Falling for the Same Scam?
A 57-year-old factory supervisor in Penang has lost RM558,000 to a sophisticated online investment scam, marking the third such case reported in the state within a single week.
US Authorities Crack Down on North Korea-Linked Cambodian $4B Scam
North Korea-linked Huione Group defrauds US citizens through romance scams and cyber theft, stealing billions. Federal authorities crack down on illegal operations.
She Thought She Was Investing, but She Lost Her Life Savings
A 58-year-old housewife from Temerloh, Malaysia, lost RM150,190 of her savings after falling victim to an online investment scam. Hoping to earn some extra income, she instead ended up losing everything she had saved.
Retiree Loses RM100,000 in Fake Investment Scheme that Promised 18% Return
A 57-year-old former oil rig worker lost more than RM100,000 in savings after falling victim to an investment scam that claimed to offer Syariah-compliant returns.
