Malaysia already become place for scammer

NGOs want cops to act on investment scam, claim victims lost over RM3bil
https://www.thestar.com.my/news/nation/2022...ost-over-rm3bil

Sindiket penipuan Zutello jerat 10,000 mangsa, kerugian RM3 billion
https://www.hmetro.com.my/mutakhir/2022/12/...ian-rm3-billion


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https://www.facebook.com/108713149189581/po...mibextid=RUbZ1f


Nearly 10,000 lose up to RM3 bil in ‘Zuttelo’ investment scam
https://newswav.com/article/nearly-10-000-l...am-A2212_TWHzwo

https://www.thevibes.com/articles/news/7924...investment-scam



This post has been edited by Kevin Ashton: Dec 5 2022, 08:23 PM

zhut telo?

kek

Omg 3 billion, what is the company business model that people dare to sink such large amount in?

投资包赔·回酬16.8% 逾万人30亿巨款被卷走

https://www.enanyang.my/%E8%A6%81%E9%97%BB/...%8D%B7%E8%B5%B0

4th thread on this already.

but prior ones are in kopitiam.

Sounds scam.

Does it means each of 10,000 ISH, let's make it 50,000 people

Each put in 10K [reasonable sum]

50,000 X 10,000???

500,000,000

How is that 3 billion?

some unker alone aready put in 3m retirement money

As much as I hate these scammers, did the investor did some due diligent as well as risk reward?

Old folks where got know how to do due diligence.

dupe detected

Ain't gonna change anything. It's gonna be tough but they'll need to learn to MOVE ON.

Actually msia betul alot of rich people

Here 3b

Another tered is 7m..

I am just wondering

All these are inherited money? Like inherited land, and they sell and put in bank?

I thought the older, the wiser

i asked people to join my biz nobody interested but this easy scam money all people flock in knnccb

Some older folks not as tech savvy.

Go ask your atuk see know how to even look this list up or not:
https://www.bnm.gov.my/financial-consumer-alert-list
https://www.sc.com.my/regulation/enforcemen...stor-alert-list

And Zuttelo is on neither. Imagine that. Even harder to check if its a scam.

But of course lar at that age, you should also know that no such thing as money fall from sky. Any investment got consistent crazy high returns, definitely a scam. How you manage to save up money until old age if you didn't know this?

im curious how are these people finding and knowing that zutello platform thingy is legible? is it bcs someone made big profit from the investment then spread out by giving review?

Old timers usually will listen to their fren wan. One bodo fella invest get good returns (which always happens initially), tell his frens so end up most of them also invest and all fall into trap together.

My father also reads a lot of fake news online cos his friends send to him and I need to correct him all the time.

If you are retired my advice is to stop looking to invest your retirement fund. All investments carry risks and brings worries which you do not need in your golden years. If you lose your money due to bad investment or scams you cannot replace the money as you are retired. Just be satisfied with what you have. If you don't have enough to retire you should continue working until you have enough.

investors know these are all money game.

but they decided to take the risk instead.

menang = huat la
kalah = salahan gahmen

This. Kerja clerk also kena 400k scam..dunno mana dapat lui tu..