Warning on get-rich-quick schemes

KUALA LUMPUR: Malaysians continue to fall prey to get-rich-quick schemes which have duped unsuspecting victims of billions of ringgit.

The Investor Affairs and Complaints Department of the Securities Commission Malaysia (SC), in a press statement yesterday, warned that such schemes were promoted under the guise of bond investments and enticed potential investors with promises of returns of as high as 40% per month, with little or no risk.