Another Get Rich Quick Scheme Malaysian-style.
I will be attending an Anti Money Laundering Act course next week to find out more about the latest info on money laundering.
The rule of thumb is, always check with the authorities (e.g. the Securities Commission or Bank Negara) before putting down any money in an investment scheme. Lots of so-called “better than fixed deposit rates” investment schemes out there are usually scams in-disguise.
Not too long ago, there was that Gold Quest scam.
A warning by the Napali Government
http://www.kuenselonline.com/print.php?sid=3633A warning by the Philippine Government
http://www.inq7.net/nat/2003/aug/19/nat_10-1.htmA warning by the Sri Lankan government
http://www.lankabusinessonline.com/…a Report on action by the Indian police on GoldQuest
http://www.hinduonnet.com/2003/08/22/stories/…Some miscellaneous stories of the scam/fraud
http://www.manilatimes.net/national/2003/apr/03/…
Then there is this up and coming QuestNet venture.
BNM and PDRM investigates G-Gold Gallery SB
You might want to read these too...Bank Negara Malaysia, in a joint operation with Polis Diraja Malaysia, is investigating G-Gold Gallery Sdn Bhd and its related companies suspected of conducting illegal deposit taking and money laundering activities, both of which are offences under subsection 25(1) Banking And Financial Institution Act 1989 (BAFIA) and subsection 4(1) of Anti Money Laundering Act 2001 (AMLA) respectively.Relevant assets and documents of the company were seized for the purpose of investigation. The residences of the directors of the company were also raided as part of this investigation.
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