Families ripped apart by MLM schemes


KUALA LUMPUR: Divorce, custody battles, police reports and fist fights. These are just some of the repercussions in families ripped apart due to pyramid schemes.

Of the hundreds of cases annually where people claim to have lost their investments to multi-level marketing (MLM) schemes, a majority of them had been convinced to part with their money by their own family members, says MCA Public Services and Complaints chief Datuk Seri Michael Chong.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Courts & Crime , MLM , Pyramid Scheme

Next In Nation

Ministers extend Aidiladha greetings, urge Muslims to embrace spirit of sacrifice
Anwar reiterates Malaysia’s condemnation of US-Israel aggression against Iran
Malaysia reaffirms commitment to UN peacekeeping missions
Nur Izzati's remains taken to Sg Buloh hospital for autopsy
Body of man found in lake near private university in Subang
Storekeeper acquitted of trafficking over 3kg of syabu, pleads guilty to drug abuse charge
Philippines races to rescue people trapped in a building collapse; a Malaysian among the dead
Eight men charged with possession of ketamine, MDMA
Malaysian hiker injured on Mount Rinjani airlifted to Bali hospital
Bank Rakyat announces fourth millionaire for Rizq Plus Investment-i account

Others Also Read