Forex scheme woes


Investors fall for plans that promise up to 250% returns, raising questions about their sustainability

SALMAH, a retired secondary school teacher, ploughed her entire gratuity money into the country’s infamous gold investment scheme Genneva Gold. It was her second investment after her first reaped a return of more than 30% per annum.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Scam , forex , money

Next In Business News

Stocks slide on flare-up of hostilities
Bursa Malaysia sees slight rebound as downside risks intensify
Trade policy concerns temper US$ strength, lifting ringgit
Trading ideas: Chin Hin, Citaglobal, ES Sunlogy, Malton, MCE, Orkim, Pan Merchant, Perdana, Ramssol, RHB, Vantris, Willowglen, BCorp, Dnex, PPB, SRKK
First-quarter earnings exceed expectations
MISC bags second LCO2 carrier charter from Northern Lights
Matrix Concepts unveils scholarship programme
Panasonic Manufacturing�Malaysia appoints new MD
Willowglen wins RM47mil contracts in Singapore
CGC to roll out RM10bil BNM-CGC financing plan

Others Also Read