KUALA LUMPUR: Most investment schemes offered on social networking sites such as Facebook and Telegram are scams and fraudulent, according to Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf.
He said the advertising tactics showcasing extreme luxury are designed solely to deceive victims into participating in these schemes.
"There's nothing genuine about those viral investment schemes. All those videos and tactics are just scam techniques that ultimately lead to (cyber) fraud.
"There is no easy way to make money. It's better to invest in a legitimate scheme approved by the authorities," he told reporters after the police probationary sergeants' passing-out parade at the Police Training Centre here today. (June 7)
Ramli said this in response to the incident of two national badminton players falling victim to an investment scam syndicate, resulting in the loss of millions of ringgit.
Last Monday, the media reported that national professional mixed doubles shuttler Lai Pei Jing had fallen victim to a major scam, leaving her nearly penniless.
Soon after, former national shuttler Tan Boon Heong also revealed that he had suffered a similar fate, resulting in about RM2.5 million in losses to an investment scam.
Ramli said the police are investigating the two cases and any developments would be announced later.
"They were obviously scammed and our investigations are ongoing," he said.
Earlier, 247 probationary sergeants participated in the passing-out parade after completing nine months of basic police training, which began on Sept 10 last year.
In his speech, Ramli also advised the probationary sergeants to avoid abuse of power, corruption, and other misconduct in facing the various challenges in their line of duty.
"Everyone is watching, public awareness is increasing, so policemen cannot be playing around, arbitrarily abusing power, or practising corruption," he said. — BERNAMA