Frustration with Ongoing Scams
KUALA LUMPUR: Comm Datuk Seri Ramli Mohamed Yoosuf, the head of the Commercial Crime Investigation Department at Bukit Aman, has warned the public that all investment schemes promoted on social media are fraudulent. He shared his disappointment that, despite multiple warnings, scam syndicates continue to deceive victims.
Issues with Delayed and Vague Reports
“It is especially troubling when victims take too long to report the crimes and are often unable to recall where they saw the fraudulent investment offers on social media,” he commented.
CCID and MCMC’s Efforts to Block Fraudulent Ads
Comm Ramli mentioned that the CCID is working in tandem with the Malaysian Communication and Multimedia Commission (MCMC) to address the issue by blocking such ads under Section 263(2) of the Communication and Multimedia Act 1998.
Public Advisory on Verifying Investments
In response to calls from NGOs to intensify efforts against scams, Comm Ramli advised the public to verify investment opportunities through established resources such as the SC Investor Alert List, SSM List of Registered Schemes, and the CCID Semak Mule.
Increasing Scam Reports
There were 4,355 investment scams reported from January to September, with 82% of them involving social media ads.