SERDANG: Another financial scheme known as “Bai Le Men” has gone bust – after just two weeks of operations.
It is believed that as many as 1,000 participants were affected, with losses estimated at RM4mil.
According to China Press, the scheme’s website is no longer accessible, showing only a message saying “under maintenance”.
Angry and frustrated, the victims lodged a police report at the Pekan Kinrara police station yesterday, added China Press.
They were earlier told that by investing as little as RM500, they could see a return of 6% and get a commission for recruiting more members.
Serdang OCPD Asst Comm Megat Mohammad Aminudin Megat Alias confirmed the case, saying 15 people had lodged a report about the scheme. The case is being investigated under Section 420 of the Penal Code for cheating.