PETALING JAYA: Illegal investment website operators who create “mirror websites” for investors to continue participating in their schemes after their main website has been blocked will not be spared the rod.
A statement from the Securities Commission (SC) warned that all mirror websites would also be blocked, and advised investors to withdraw their investments immediately.
The announcement follows the successful crackdown by the SC on yet another two websites offering illegal investment schemes, bringing to 10 the number of websites blocked since operations began last month.
The previous eight which had been blocked were www.abbfund.com or www.abfund.us, www.cfdventure.com, www.swedenfund.com, www.uebond.com, www.esuissefund.com or www.efmf.com.pa, www.ecashfinance.com, www.danafutures.com and www.planet.time.net.my/KLCC/danafuture.
The statement added that the SC had also obtained a worldwide mareva injunction recently against persons involved in the Swisscash Internet investment scheme, which prevents them from disposing their assets inside and outside of Malaysia.
The injunction was sought by the SC following the filing of a civil suit against defendants Albert Lee Kee Sien, Kelvin Choo Mun Hoe, Amir Hassan, Dynamic Revolution Sdn Bhd, Swiss Mutual Fund (1948) S.A., SMF International Limited and SMF (1948) International Limited.
Further details on the mareva can be viewed at www.sc.com.my.
The public was also reminded to invest only with parties licensed by the SC and to refer to the SC’s Frequently Asked Questions (FAQ): “Do Not Invest in Illegal Internet Investment Schemes” which can be found in the same website, along with the list of companies and individuals licensed by the SC to engage in investment activity.
Thousands of Malaysians have fallen victim to such scams, prompting the SC to work with Bank Negara, the Malaysian Communications Multimedia Commission and CyberSecurity Malaysia to track, identify and block access to websites promoting e-investment activities.
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