Continued Deception of Victims
KUALA LUMPUR: All investment schemes on social media are fraudulent, warned Comm Datuk Seri Ramli Mohamed Yoosuf. The director of Bukit Aman’s Commercial Crime Investigation Department (CCID) expressed frustration at how scam syndicates continue to deceive the public, despite repeated warnings.
Issue of Delayed Reporting
“It’s disheartening that victims often delay filing police reports after being scammed,” he said. Ramli noted that many victims struggle to remember the exact source of these investment schemes on social media.
Collaboration Between CCID and MCMC
Ramli emphasized that the CCID is actively working with the Malaysian Communications and Multimedia Commission (MCMC) to address this issue. Their efforts include blocking scam-related ads under Section 263(2) of the Communications and Multimedia Act 1998.
Advice for the Public
In response to calls from NGOs for stricter measures, Ramli advised the public to stay cautious. He recommended verifying investment schemes using resources like the SC Investor Alert List, SC Investment Checker, and BNM Financial Consumer Alert List.
Rise in Investment Scam Reports
Between January and September, there were 4,355 reported cases of investment scams, with 82% linked to fraudulent ads on social media.
