Scammers targeting retirees in get-rich-quick schemes

KUALA LUMPUR (Bernama): The prospect of going into business after retirement may seem appealing to many people as it will keep them gainfully occupied.

However, financial consultant Shamsuddin Abdul Kadir is concerned over the increasing number of retirees who, in their enthusiasm to have their own business, end up as victims of fraudulent syndicates which lure them with attractive business proposals and returns.