Syndicate behind cryptocurrency scam busted

KUALA LUMPUR: They promised investors in their cryptocurrency scheme returns of up to 15% and even fooled the victims by engaging foreign “speakers” at their seminars in a bid to make them look like legitimate events.

But on Monday, the mastermind and eight of the syndicate members, including three women, were arrested in a series of police raids in Johor, Melaka, Negri Sembilan and Kuala Lumpur.