Still some prey on lonely individuals who are more susceptible during the isolation, chatting them up via email or dating apps. These scammers would claim to facilitate financial aid or assist in loan application preparation and help secure financing. It comes as no surprise then that investment scams involving gold are abundant. But till this day, other gold scams exist – in May, a woman was scammed out of nearly RM90,000 when she was conned into joining a gold investment scheme via social media. They should also check with the Securities Commission as it is the regulator of the sale of investment products and services.

Source: The Star September 30, 2020 01:41 UTC