WNA Globe

World News by Wild Rose

#investment scam ร—

Hundreds left broke after alleged Malaysian scammer vanishes with US$25 billion

For more than three years, the numbers on their screens told a convincing story. Steady gains, smooth withdrawals and returns of up to 5 per cent every fortnight. Encouraged by the early outcome, many doubled down, pumping in more of their hard-earned savings into a scheme they thought was the answer to luxury and a comfy retirement. Then, almost overnight, the kill switch was flicked and they lost it all to a scheme that swindled ยญvictims across the globe of close to 100 billion ringgit (US$25...

80-year-old man clicks on Facebook ad, duped of โ‚น2.51 crore in fake IPO investment scam in Bengaluru

The fraud began in January 2026 when the complainant clicked on a Facebook advertisement promoting stock tips and block trading in IPOs, falsely claiming association with a private bank and its securities wing