29 February 2008 Kuala Lumpur Phazaluddin Abu became the first person to be produced in court by the Securities Commission (SC) for unlawfully representing himself as a fund manager through a website. The 47-year-old general manager of a computer company claimed trial to the charge. It is believed that over 100 Malaysians have invested RM65 […]
26 September 2007 Kuala Lumpur Company directors Bryan John Marsden from England and his Malaysian wife Phan Sew Ken have been charged by Bank Negara with operating an online investment scam and collecting deposits without a licence. The companies that they have set up, namely PicPay Dot Com and New Mark Business Centre, were estimated […]
9 September 2007Johor Baru 26-year-old Ee Tai Swee was cheated of RM134,000 in yet another cash prize scam. The sales manager was contacted by a woman on 21 August 2007 claiming to be from an electronic company. She told him that he had won S$200,000 cash from the Hong Kong Turf Club. A dubious bank […]