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Beware of Con Man

Beware of Con Man

As reported in the news today, the Securities Commission has warned the public of a man using its name to collect money for an investment scheme that promised of high monthly returns.

Unfortunately, the victims never received any profits from the “investment”. Instead, they got a letter purportedly from Securities Commission with the victim’s name complete with logo and a forged signature of an SC officer to support the con man’s claim that he was unable to pay them money.

The Securities Commission has stressed that only licensed individuals are allowed to collect money for investment activities on its behalf. A list of these licensed individuals is available at Securities Commission’s website.

If you have any information on the individual or the investment scheme, please contact the Securities Commission at 03 6204 8999 or email aduan@seccom.com.my

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