PETALING JAYA - Despite extensive media coverage of scams related to foreign exchange, gold trading and get-rich-quick schemes, people continue to fall prey.
On July 31, an airline clerk lost RM52,000 (S$20,769) in a forex scam involving a Singaporean broker.
The man, who wanted to be known only as Mohamed, said that he had first deposited RM11,000 into the broker's bank account in 2009, and by the following year he had lost RM52,000.
On July 30, actor Ady Putra lodged a police report that he had lost RM19,000 after investing in an online get-rich-quick scheme.
On July 13, a Sessions Court here sentenced Cameroonians Emmanuel Tsckenkure and Camara Souleymane to four months' jail and a fine of RM5,000 after they pleaded guilty to using counterfeit money.
They were allegedly trying to scam people into investing US$100,000 (S$123,895) for a "guaranteed" return of RM1 million.
Penang MCA Public Services and Complaints Bureau deputy chief Lim Thoon Deong called on Bank Negara to issue precautions on forex trading to raise public awareness on its complexities.
Recently, a gold scam came to light when a local bank revealed that it had incurred losses amounting to RM75 million following purchase of fake gold via its Islamic pawn-broking service.
On July 31, an airline clerk lost RM52,000 (S$20,769) in a forex scam involving a Singaporean broker.
The man, who wanted to be known only as Mohamed, said that he had first deposited RM11,000 into the broker's bank account in 2009, and by the following year he had lost RM52,000.
On July 30, actor Ady Putra lodged a police report that he had lost RM19,000 after investing in an online get-rich-quick scheme.
On July 13, a Sessions Court here sentenced Cameroonians Emmanuel Tsckenkure and Camara Souleymane to four months' jail and a fine of RM5,000 after they pleaded guilty to using counterfeit money.
They were allegedly trying to scam people into investing US$100,000 (S$123,895) for a "guaranteed" return of RM1 million.
Penang MCA Public Services and Complaints Bureau deputy chief Lim Thoon Deong called on Bank Negara to issue precautions on forex trading to raise public awareness on its complexities.
Recently, a gold scam came to light when a local bank revealed that it had incurred losses amounting to RM75 million following purchase of fake gold via its Islamic pawn-broking service.
