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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
cryptocurrency , investment scheme , police , crime

Next In Nation

Penang DOSH issues stop-work order after Indonesian worker crushed to death
One casualty reported in Odeon theatre blaze
Fire razes George Town's iconic Odeon building
Seven injured as two tour buses, SUV crash in Pahang
Lorry plunges into ravine at Jalan Gua Musang-Lojing, driver safe
Abandoned ship explodes at jetty near Kemaman
Malaysia condemns Israeli plan to seize Palestinian lands
MetMalaysia warns of thunderstorms in eight states, Labuan until 10pm (May 30)
Azam expected to file defamation suit against Tei on June 3
Malaysia has potential to become ‘reading city’ within 20 years, says Fadhlina

Others Also Read