Scammers posing as investment gurus on social media to prey on Malaysians

PETALING JAYA: Scammers have picked up the know-how on stock analysis, so Malaysians should be more vigilant if they are added to supposed "financial groups" on web messaging apps, says the Malaysia Cyber Consumer Association.

Association president Siraj Jalil said many people were lured via WhatsApp, which showed people communicating about investments but in fact, were "non-existing investments".