Disclaimer: I am posting on behalf of another person who reached out after reading the Gexertmax scam post. They were scammed a bit differently. Please make your own investment decisions. Also, if anyone has been scammed for IPO/FPO similarly please send me details to my inbox, as I know no one wants to post publicly that they got scammed


How was the person scammed?

He came across a Facebook ad for investment and followed the ad to WhatsApp chat where he was invited to a free investment advice group. He followed stock tips made money and then they invited him to download the Stifleone app available on both the App Store and Google Play Store. They show registration and trading license (no file available) and also mentioned affiliation with the Stifel .com investment company, coming to Malaysia.



Who was the scammer? And how did they scam

The group is led by Ruth Khoo and Kelvin Lee






He was able to invest in daily trading and even extract the profits from time to time. Then Ruth started pushing for IPO/FPO. Ruth mentioned that in case of non-payment, there will be an impact on CTOS, credit rating, no penalties, and when he was unable to subscribe,e they completely froze the account and asked for upfront payment. Screenshot for discussion below


Asking if unable to pay





second message





Then he got the final scam messages










Bank account on which he made the transfers




Admins, let me know if I need to fix anything in this message. The other message on gexertmax helped some people avoid the scam

yea, gone... just take it as bad dream ...like I did with Yomaex.



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This post has been edited by g0ldeneye: Jul 4 2025, 08:02 PM

Sugar Sisters Trading

Business Type
CAKES, COOKIES, CANDYS, BROWNIES, CUPCAKES, BISCUITS, SURPRISE DELIVERY, FLOWER BOUQUET, BIRTHDAY DECORATIONS, BIRTHDAY CAKES, GIFTS RAP, HAMPERS

This post has been edited by COOLPINK: Jul 4 2025, 06:47 PM