SHAH ALAM: XFOX Market Sdn Bhd share partners are unfazed by the recent raids carried out by Bank Negara Malaysia.
An elderly man who declined to be named, claimed he has been a share partner for over 10 months now.
When met outside of the company's head office along Jalan Nova U5/K here today, the man said he had studied the investment scheme offered by XFOX for over a year before he finally joined as a share partner.
"One of my friends added me as a downline 10 months ago and even footed the bill for the initial payment.
"I did not pay a sen, and to date I have already withdrawn over RM40,000, and still have over US$12,000 generating interest with the company," he said.
He claimed that this is not an investment scam where victims invest money before the company agents suddenly disappear.
"We are allowed to withdraw a maximum of US$1,000 through one transaction daily.
"The recent news that XFOX was raided does not scare me at all. I know that they are genuine. The amount of profit I have made and withdrawn is a testament to that," he said.
The man also questioned the authenticity of the BNM's raid.
"I came here because I heard that the office had been closed since the raid, but I don't see any yellow tape cordoning off the building.
"There was news a few years back that the company was raided by the authorities, but as you can see, the company is still running. That is why I am confident that this recent operation will not affect it as well," he said.
It was reported that various luxury items and 92 bank accounts worth over RM30 million, believed to be linked to an investment company suspected of carrying out fraudulent activities, were seized by BNM.
BNM said the seizures were part of an integrated operation conducted at 12 locations around the Klang Valley.
The operation was carried out in collaboration with the Domestic Trade and Cost of Living ministry, the Inland Revenue Board, CyberSecurity Malaysia, and police through the National Financial Crime Centre.