Nowadays, many scammers are making good use of social media to attract victims with super-high returns. The police advise the public to be careful of all the possible investment frauds. Below are some of the methods used by those scammers and how we can prevent ourselves from falling into those traps!

1. Create a fake company and fake investment website  

Generally, scammers will commit crimes by using fake investment websites and shell companies that are registered under the Companies Commission of Malaysia (SSM). Then, they will promote non-existent high return investment plans to attract victims.

2. Initially give rewards to attract the victim 

The scammer promises the victim a monthly (or even shorter period) return of up to 400%. In order to win the trust of the victim, the scammer will initially give the victim a specified reward. Afterwards, the scammer will directly close the relevant website and take away all the funds. The scammer will spend a month getting to know the victims on social media so that the other party dropped their guard when they introduce their fake money-making investment plan.

3. Use social media to woo victims

Scammers only use voice to induce the victim to fall into the trap without showing their full picture of themselves. They will constantly encourage victims to invest funds, and even ask them to transfer funds to different bank accounts via Telegram, Whatsapp and other communication software. 

Steps to prevent investment fraud

1. Enter the police website ( https://semakmule.rmp.gov.my/ )

2. Enter the suspicious bank account number

3. Enter the verification code, and click "Query"

Note: Although the bank account has no record of being reported, it does not mean that the account is completely safe. Please be cautious.