QuickCheck: Are investment scammers now claiming that they have Companies Commission approval?

WHEN it comes to investing – especially online – one tends to look for signs that the scheme or company has been given a stamp of approval by the authorities, and the Companies Commission of Malaysia carries a lot of weight when it comes to investment plans or schemes.

It has been alleged recently that scammers are using a new tactic; falsely claiming that their companies have been inspected by the Commission and that their prospectus have been approved.