IF YOU RESPOND TO AN INVESTMENT OFFER LIKE THIS, YOU COULD GET SCAMMED
SMART KRYPTO MALAYSIA IS COMPLETELY FAKE!
InvestSmart® is an investor education initiative under the Securities Commission Malaysia.
In driving SC’s mandate towards empowering investors, the InvestSmart® platform was established in 2014 to spearhead investor education efforts and to create awareness.
InvestSmart® serves to equip investors with relevant investment knowledge to empower them to be confident, and self-reliant in exercising better judgment on investment decisions. These will encourage more informed investor participation in the capital market and protect them from falling prey to scams and illegal schemes.
InvestSmart® disseminates its awareness programs via its website, mobile app, online educational game, and social media platforms i.e. Facebook, Instagram, TikTok, Twitter, and YouTube to disseminate information on events, activities, and relevant news.
SCAMMER’S MODUS OPERANDI
InvestSmart® has identified the typical modus operandi being used by scammers. In this instance, scams often have a number of “red flags” that can help you tell if the so-called “investment opportunity” is really a scam. We urge investors to review these red flags before parting with your monies.
Promoted through social media platforms
Be mindful of schemes promoted via platforms such as Facebook, Telegram, WhatsApp, and Instagram.
Request for money to be deposited into personal bank account
Never deposit money into personal bank accounts for investment purposes.
Used of fake certificates / documents from authorities
Verify with the relevant authorities on the legitimacy of the certificates / documents received using their names and logos respectively.
Schemes promoted as "Limited Time only" opportunity
Do not be pressured into making investment decisions. Give yourself time to do your own research before investing.
Scheme promising high returns within a short span of time
Investments that are too good to be true, usually are (e.g. Invest RM300, get RM10,000 within 12 hours.
Some of the red flags utilized by
Smart Krypto Malaysia
Bandwagon effect and window dressing
Reviews made available on the website are for the purpose of giving a safe sense of security that others have profited from the scheme.
Schemes promising high returns within a short span of time
Rushed decision making
The scheme will claim that this is a one-time golden opportunity to entice potential investors to invest quickly before they have a chance to conduct proper due diligence.
Schemes are promoted as “limited time only” opportunity
If it is too good to be true it probably is
The promise of a high return within a short period of time appears too good to be true further making it attractive to potential investors.
Schemes promising high returns within a short span of time
Promoting investor confidence
False claims of being licensed / registered by the Securities Commission Malaysia to provide investors confidence. Multiple typos( i.e. Security instead of Securities) and incorrect sentence construction on the website.
Use of fake certificates / documents from authorities
Framing effect
Packages offered are all offering high profit with low initial investment, which will make it easy for potential investors to pick the package that is deemed “affordable” for them.
Schemes promising high returns within a short span of time
Investment to be made through someone else’s personal bank account
The scheme may claim that it has authorized such individuals to receive the money or appointed the person as its trustee.
Request money to be deposited into personal bank account
When faced with red flags or doubt…..
InvestSmart® would also like to remind the public to follow 7 simple steps that have proven effective before making any investment.
Be cautious of investments offered via social media platforms.
Never deposit your money into a personal bank account.
Payment should only be made to the official bank accounts of licensed or registered companies.
Before investing, always check the SC’s Investor Alert List on www.sc.com.my
Deal only with licensed or registered entities and individuals.
Check PDRM’s “Semak Mule” portal to verify whether the bank accounts or telephone numbers have been reported to the police.
If in doubt, check with the SC via email [email protected] or call 03-6204 8999.
However should you have fallen victim to a scam, we advise that you:
Do not panic!
Cancel future transactions. Do not make any further payments with the hope that you will get your money back.
Keep records of all information pertaining to your investment (e.g. payment slips, receipts, and records of conversations).
Make a police report and file a complaint with the relevant authorities.
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