Investment scams have tripled in Negri Sembilan, say police

SEREMBAN: Investment-related scams in Negri Sembilan have almost tripled so far this year compared to the same period in 2020 with more than RM2.3mil in losses reported.

State Commercial Crime Investigation Department chief Supt Aibee Ab Ghani said 69 cases were reported till April 26 as against only 24 then.

The total losses reported in 2020 were some RM888,000.

“There has been a big increase in the number of cases and this is worrying.

“The public must take note as the types of investment offered vary and include forex, gold and shares, ” he said in a statement.

The modus operandi of the scammers is to first put up advertisements on social media platforms. They would then contact the potential investor personally and add him or her into a group.

“They will promise high returns within a short period of time. The scammers will also make payments into the would-be victims’ accounts and remain active between six months and a year, ” said Supt Aibee.

He said 69 suspects were arrested this year and four had since been put under restricted residence for two years as provided under the Prevention of crime Act (Amendment) 2017.

He advised the public not to be taken in by promises of high returns within a short period of time as they had all the makings of a potential scam.

“Also, one should not credit money into individual accounts, ” he said.

“They can verify the account and phone numbers given to them by the so-called companies or agents at the police’s Semak Mule website and if there are many such checks, it will raise a red flag for both the police and the public, ” said Supt Aibee.

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