{"id":61811,"date":"2024-02-23T11:08:04","date_gmt":"2024-02-23T03:08:04","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=61811"},"modified":"2024-02-28T14:08:05","modified_gmt":"2024-02-28T06:08:05","slug":"rm1-billion-loss-investment-fraud","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud","title":{"rendered":"Over RM1 Billion Loss Due To Investment Fraud Cases"},"content":{"rendered":"

Malaysians incurred RM1.34 billion in losses between 2019 to 2023 due to scams and fraud cases involving investments.<\/p>\n

In a statement released by the Commercial Crimes Department (JSJK)<\/a>, 14,488 cases of investment fraud were recorded over the five-year period, which led to a high amount of losses.<\/p>\n

Due to the increase in the number of cases reported, Bukit Aman JSJK director Datuk Seri Ramli Mohamed Yoosuf has announced a collaboration with the Malaysian Securities Commission (SC) to help tackle the issue.<\/p>\n

A discussion was held on 22 February at Bukit Aman between Ramil with SC Enforcement director Budiman Lutfi Mohamed and his delegation on a mechanism to help the public.<\/p>\n

Developing an investment checker platform<\/h2>\n

From the discussion, an understanding was reached to release a platform that the public can use to check the authenticity of any investment.<\/p>\n

\u201cFor that, the SC has already developed a platform called \u201cinvestment checker\u201d that can be accessed through the https:\/\/www.sc.com.my\/investment-checker website to help the public check the investment schemes offered,\u201d Ramli said in the statement.<\/p>\n

Ramli also stated that both agencies agreed to continue offering their commitment to combatting fraud by sharing information, expertise, investigation and operation.<\/p>\n

Through the partnership, Ramli hopes to further help highlight investment schemes that are effective and curb investment fraud in the country.<\/p>\n

Got scammed and not sure what to do? Read our article that tells you what you need to do: I\u2019ve Been Scammed! Now What?<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Over 14,000 reported cases of investment fraud by the Malaysian Commercial Crimes Department.<\/p>\n","protected":false},"author":47,"featured_media":61812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,216],"tags":[1414,2023,493,1729,479],"class_list":["post-61811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-news-updates","tag-fraud","tag-investment-fraud","tag-scam","tag-scam-awareness","tag-securities-commission"],"acf":[],"yoast_head":"\nOver RM1 Billion Loss From Investment Fraud Cases<\/title>\n<meta name=\"description\" content=\"The Commercial Crimes Department reported an RM1.34 billion loss due to over 14,000 investment fraud cases.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over RM1 Billion Loss Due To Investment Fraud Cases\" \/>\n<meta property=\"og:description\" content=\"The Commercial Crimes Department reported an RM1.34 billion loss due to over 14,000 investment fraud cases.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-23T03:08:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-28T06:08:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Azreen Azmi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azreen Azmi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud\",\"url\":\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud\",\"name\":\"Over RM1 Billion Loss From Investment Fraud Cases\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png\",\"datePublished\":\"2024-02-23T03:08:04+00:00\",\"dateModified\":\"2024-02-28T06:08:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349\"},\"description\":\"The Commercial Crimes Department reported an RM1.34 billion loss due to over 14,000 investment fraud cases.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#primaryimage\",\"url\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png\",\"contentUrl\":\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Over RM1 Billion Loss Due To Investment Fraud Cases\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349\",\"name\":\"Azreen Azmi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g\",\"caption\":\"Azreen Azmi\"},\"description\":\"Azreen Azmi is a writer with a penchant for writing about content marketing and technology. From YouTube to Twitch, he tries to keep in touch with the latest in content creation and finding out the best way to market your brand.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/azreen-azmi\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Over RM1 Billion Loss From Investment Fraud Cases","description":"The Commercial Crimes Department reported an RM1.34 billion loss due to over 14,000 investment fraud cases.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud","og_locale":"en_US","og_type":"article","og_title":"Over RM1 Billion Loss Due To Investment Fraud Cases","og_description":"The Commercial Crimes Department reported an RM1.34 billion loss due to over 14,000 investment fraud cases.","og_url":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud","og_site_name":"iMoney Malaysia","article_published_time":"2024-02-23T03:08:04+00:00","article_modified_time":"2024-02-28T06:08:05+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png","type":"image\/png"}],"author":"Azreen Azmi","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Azreen Azmi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud","url":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud","name":"Over RM1 Billion Loss From Investment Fraud Cases","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#primaryimage"},"thumbnailUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png","datePublished":"2024-02-23T03:08:04+00:00","dateModified":"2024-02-28T06:08:05+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349"},"description":"The Commercial Crimes Department reported an RM1.34 billion loss due to over 14,000 investment fraud cases.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#primaryimage","url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png","contentUrl":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2024\/02\/23102116\/InvestmentScam.png","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/rm1-billion-loss-investment-fraud#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"Over RM1 Billion Loss Due To Investment Fraud Cases"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/8c957dfb12fe1ffcc0e443b7cc382349","name":"Azreen Azmi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8885892ba26a4b385de85e74cb4a5865?s=96&d=mm&r=g","caption":"Azreen Azmi"},"description":"Azreen Azmi is a writer with a penchant for writing about content marketing and technology. From YouTube to Twitch, he tries to keep in touch with the latest in content creation and finding out the best way to market your brand.","url":"https:\/\/www.imoney.my\/articles\/author\/azreen-azmi"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/61811"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=61811"}],"version-history":[{"count":6,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/61811\/revisions"}],"predecessor-version":[{"id":61950,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/61811\/revisions\/61950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/61812"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=61811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=61811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=61811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}