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8-year-old sued for Bankruptcy

Just great! Now, these sort of identity thefts should really make headlines.

Desmune How Jiakoon was still drinking milk from the bottle four years ago when he purportedly stood as guarantor in a loan for a car.

Now, the boy has been summoned by the bank to pay up the borrower?? outstanding debt amounting to RM6,685.74.

Source: The Star Online

I am sure there are thousand of cases which go unreported, which is also one of the reason why Malaysia is blacklisted as one of the country with the highest credict card fraud rate.

Credit card fraud is a serious problem in Malaysia. Travelers should avoid using credit cards, if possible. Credit card numbers should be closely safeguarded at all times.

Source: travel.state.gov





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