Families ripped apart by MLM schemes

  • Nation
  • Sunday, 10 Jul 2016

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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Courts & Crime , MLM , Pyramid Scheme


Next In Nation

Kulai cops nab senior citizen, seize 60,000 litres of subsidised diesel
Sabah to organise spate of events in December
Ipoh cops nab 11 for running call centre, online gambling activities
Ipoh cops nab man wanted for mischief, criminal intimidation
Selangor cops seek two more suspects in football hooligan attack
Old friends Dr Wee, DPM Fadillah meet up for a chat
Anwar hints of Cabinet reshuffle by year-end in light-hearted exchange with boy
Appeals court dismisses duo's appeal for leave to commence judicial review of AG's discretion
Not just Sirul, govt can also file for death sentence review, says Shafee
Najib to seek update on royal pardon bid

Others Also Read