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.
PayPal Account Holders Warned of Surge in Scams
Experts warn of increased PayPal scams, including fake emails and gift cards. Stay alert to protect your account from cybercriminals.
Singapore’s Web of Investment Scams: Mounting Debts Are Breaking Victims
An increasing number of scam victims in Singapore are finding themselves saddled with significant debts as they seek funds simply to make ends meet.
Love, Investment & Lies: Online Date Turned into a RM103,000 Scam
A woman from Sibu, Sarawak, has lost RM102,992.40 after falling victim to an investment scam that began with a match on a dating app.
The Instagram Promise That Stole RM33,000
A woman in Labuan has become a victim of an online investment scam, losing RM33,508.25 after being misled by a fake investment offer she found on Instagram.
How Easy Money Turned Into a Costly Mistake of RM130,000
A 46-year-old factory clerk in Malaysia recently lost RM130,000 to an online investment scam that claimed to offer huge profits in just a few hours.
UN Warns Asian Scam Operations are Spreading Worldwide
UN report reveals Asian scam operations expanding globally, targeting Africa, Latin America with cyberfraud, generating billions amid crackdowns.
South Africa's Regulator Warns of WhatsApp Scam Impersonation with 30% Returns
New deepfake scam in South Africa uses fake FSCA video to promote fraudulent AI trading schemes. Public warned about unauthorized financial schemes.
Another ‘Tan Sri’ Targeted, RM347 Million in Assets Seized in MBI Scam
Malaysia’s police are stepping up their investigation into the MBI investment scam, a multi-billion ringgit fraud that has dragged on for nearly a decade. The Royal Malaysian Police (PDRM) is now planning to arrest another prominent figure with the title ‘Tan Sri’, following recent arrests and major asset seizures.
RM15,000 Profit Turned into RM1.1 Million Loss for Engineer!
What started with a small profit of RM15,000 quickly turned into a financial disaster, draining an engineer’s savings and money borrowed from family.
SEC and DOJ Charge Ramil Palafox in $200M Crypto Ponzi Scheme
The SEC and DOJ charge Ramil Palafox in a $200 million crypto fraud, alleging Ponzi-like scam and misused investor funds for luxury goods and lavish events.
