Singapore vs Malaysia: Who’s Winning the Scam War?
Scams aren’t getting smarter — they’re getting more human. Even experienced investors are losing big money. Why does this keep happening in Malaysia while Singapore takes a different path?
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How a Housewife Lost RM288,235 in a Facebook Investment Scam
Abstract：A 47-year-old housewife in Malaysia recently fell victim to an online investment scam, losing a substantial sum of RM288,235 after engaging with a fraudulent scheme advertised on Facebook.
A 47-year-old housewife in Malaysia recently fell victim to an online investment scam, losing a substantial sum of RM288,235 after engaging with a fraudulent scheme advertised on Facebook.
According to Seri Alam deputy OCPD Superintendent Victor Genason, the woman was drawn to the scheme after encountering an advertisement that promised lucrative returns. On January 19, she clicked on the advertisement link and proceeded to follow the provided instructions. Between February 21 and March 27, she conducted a total of 21 transactions, transferring funds to five different bank accounts associated with the scheme.
The fraud only became apparent when she was instructed to deposit an additional RM50,000 before being able to access any profits. Recognising the deception, she reported the case to the authorities. Subsequent investigations revealed that the bank accounts involved had prior links to investment fraud cases, reinforcing the prevalence of such scams in the region.
Law enforcement officials have since urged the public to exercise caution when engaging in financial transactions, particularly with unknown parties or schemes that appear too good to be true. Superintendent Victor advised individuals to verify the legitimacy of investment opportunities before committing funds and encouraged victims of such scams to contact the National Scam Response Centre at 997 to file complaints.
In light of rising digital financial fraud cases, experts emphasise the importance of due diligence when evaluating investment opportunities. One effective measure to protect oneself from scams is leveraging platforms like WikiFX, a global broker regulatory query application available on Google Play and the App Store.
This tool provides comprehensive insights into brokerage firms, including their regulatory status, customer reviews, and safety ratings. By using WikiFX, potential investors can verify the credibility of investment platforms, mitigating the risk of falling prey to fraudulent schemes.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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The forex market is a happening place with currency pairs getting traded almost non-stop for five days a week. Some currencies become stronger, some become weaker, and some remain neutral or rangebound. If you talk about the Indian National Rupee (INR), it has dipped sharply against major currencies globally over the past year. The USD/INR was valued at around 85-86 in Feb 2025. As we stand in Feb 2026, the value has dipped to over 90. The dip or rise, whatever the case may be, impacts our daily lives. It determines the price of an overseas holiday and imported goods, while influencing foreign investors’ perception of a country. The foreign exchange rates change constantly, sometimes multiple times a day, amid breaking news in the economic and political spheres globally. In this article, we have uncovered details on exchange rate fluctuations and key facts that every trader should know regarding these. Read on!
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Do you face numerous login errors with VPS, a Vietnam-based forex broker? Did these errors lead to missed opportunities or losses? Does your trading account often have an insufficient balance despite numerous trades on the VPS login? Does the broker compel you to renew your subscription even if it’s not required? These issues have become synonymous with many of its traders. They have highlighted these online. In this VPS review article, we have investigated these issues. Read on!
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ACY Securities Deposit and Withdrawal: The Complete 2025 Guide (Fees, Methods & User Warnings)
Understanding how to add funds to your account and, more importantly, how to take them out is essential for safe trading. For any trader thinking about ACY Securities, making an ACY SECURITIES deposit is simple, but the ACY SECURITIES withdrawal process has many serious complaints and concerns. While ACY says it is an established, regulated broker, many users have complained specifically about withdrawal problems, creating a confusing and often contradictory picture. This guide provides a complete and critical analysis. We will first explain the official steps for deposits and withdrawals, including methods, fees, and stated timelines. We will then take a deep look at patterns found in over 180 real user complaints, examining the potential warning signs and risks. By combining official information with real-world user experiences and regulatory warnings, this article aims to give you the clarity needed to make an informed decision about the safety of your funds with ACY Securities.
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