Anna Fridley’s Post

This is a shocking revelation. The sheer scale of this operation is mind-boggling. It's imperative that governments, law enforcement, and tech companies collaborate to dismantle these criminal networks. We need to protect victims and hold perpetrators accountable. #cybercrime #scams #humanrights #lawenforcement

If you want to understand why so many attorneys are deeply concerned about the recent Supreme Court decisions which granted nontrivial partial immunity to the president, undermined the ability of federal agencies to implement and enforce the laws passed by Congress, and legalized bribery… take a look at this article.

What a fascinating and well-researched article! It further illustrates several key points about the current state of #cybercrime. Much of it involves #cryptocurrency and/or gift cards, and it's often perpetrated by large criminal syndicates, sometimes pretty much in plain sight - not even hidden.

Public Awareness on Investment Scams A recent incident reported by The Star highlights a school teacher from Kluang who lost RM359,000 in a fake investment scam. Enticed by promises of high returns from investing in Chinese stocks, the teacher transferred almost RM407,000 over more than 50 transactions to the scam syndicate. She only received back less than 12% of her investment before realizing she had been duped. Additionally, a clerk from Kota Tinggi seeking a part-time job was swindled out of RM200,000 in a fake job scam. Initially earning RM35, she was later persuaded to invest in a cryptocurrency scheme, only to realize it was a scam when asked to pay RM10,000 in taxes to recover her funds. Modus Operandi of Scams: - Social Media Advertisements: Scammers often use social media to advertise fake investment or job opportunities. - Initial Returns: Victims are given small returns initially to build trust. - Pressure for More Investments: Scammers continuously pressure victims to invest more, claiming potential high returns. - Multiple Transactions: Victims are asked to make numerous transactions to various accounts. - High Promises, No Returns: When promised returns fail to materialize, victims often realize too late they have been scammed. Public Caution: - Be wary of high-return promises from unfamiliar sources. - Verify the legitimacy of investment and job offers. - Use the Semak Mule mobile app or visit [Semak Mule](https://lnkd.in/gKqaq5wz) to check suspicious bank accounts or phone numbers. Credit to: FIMM & The Star news (please refer to 1st comment for the article dated 120624) #UnitTrust #PRS #InvestmentSafety #JobOpportunities #FinancialSecurity #ProtectYourMoney #InvestorEducation #FIMM #TheStarNews

https://lnkd.in/e3fWDd9D ~ literally quarterly happenings these are.. 🫠 ~ I have been in the assets & wealth domain since ~2009, I've advised to many about scams, but still masih ramai yang "tak terima" nasihat , 🫠 "Forex" "crypto" "PE" "RPS" "i-RPS" "gold scheme" 🫠 -why the " " 👆🏻 ~those above are legit financial components, but there are many that "hide" behind those "trendings", well it's kinda a "trending" those are, so people would be "doing research/study" on it @Google, so ... ~ohwell, #quarterlyoccurrences 🫠

🚨 A coordinated operation conducted by several European law enforcement bodies, with support from Europol and Eurojust, has dealt a significant blow to the JuicyFields investment scam. This complex operation involved over 400 officers from 11 countries, targeting a scheme that promised lucrative returns on cannabis cultivation investments but in reality functioned as a classic Ponzi scheme. The fraud attracted around 550,000 participants worldwide, many of whom were enticed by the prospect of high profits with minimal risk. 🔑 Here are the key figures from this operation: • 9 suspects were arrested in connection with the scheme. • The operation spanned 11 countries, demonstrating extensive international cooperation. • Authorities executed 9 arrest warrants and carried out 38 house searches, unveiling the network behind the fraud. 💸 Assets seized or frozen included: • EUR 4,700,000 in bank accounts. • EUR 1,515,000 in cryptocurrency. • EUR 106,000 in cash. • EUR 2,600,000 in real estate. Estimated total damages from the scam are around EUR 645 million, underscoring the operation's scale and potential impact on victims. It's reported that around 550,000 participants worldwide were involved in the scheme, with 186,000 actively transferring funds into the fraudulent operation. For more detailed information on this operation and its implications, please visit: https://lnkd.in/erxuiEin

📢 Did you know, consumers lost $4.6 billion to investment fraud in 2023? That makes investment fraud the most financially damaging scam according to the FTC. Read our latest blog to learn how to spot these scams and what you should do if you suspect investment fraud. #investmentfruad #financialfraud #crypto #centralcoast https://lnkd.in/gR6uGuk7

Grateful for organizations like the American Bankers Association, and agencies like the Federal Trade Commission (FTC.gov) and the Department of Financial Protection and Innovation for providing banks with valuable resources to protect consumers from financial fraud. We’ve put several of these resources together to help educate clients on red flags for investment scams, including where to report them, in our latest blog post. #bankonBETTER

🚨 Beware! Malaysian Investment Scams Recently Emerged on Telegram Group Chats Recently, BrokersView has uncovered three more scams targeting Malaysian investors. These scammers operate on Telegram, intentionally leading investors to believe they’ve discovered a lucrative money-making opportunity. However, unbeknownst to these investors, the seemingly attractive investment opportunity is nothing but deception. 👉 Read more details: https://lnkd.in/g823Jemz #brokersview #tradingscams #broker #forextrading #ScamAlert #investors #forexscams #brokeralert #staysafe #scams #cryptonews #scamtrading #fxscam #fx #forexbroker #investmentopportunity #withdrawal #opportunity #scam

And the plot thickens! Mayor in Philippines was a business partner with two person of Fujian fame who were convicted of #Moneylaundering in Singapore Shareholder in a company which obtained license to run a #POGO (offshore gaming) business in the town she is a Mayor of Compound found to have been a #Cryptocurrency #scam, #lovescam and also had people #illegally #detained. Dubious background of the Mayor - birth and background calls to question This is why Political-Exposed Persons (#PEP) and Relatives and Close Associates (#RCA) of PEPs are considered Higher Risk onboarding due in part to the high possibility of access to Bribery, Corruption and abuse of official powers. A good compliance framework would a. Have systems in place to identify such persons b. Have structured framework in place to evaluate risk posed by such persons c. Objectively measure the risk and any migitants presented d. Evaluate the residual risk presented after Source of Wealth (#SOW) and Source of Funds (#SOF) ascertainment e. Board / Senior Management sign off either of #Transactional Acceptance and #Onboarding or #ClientOnboarding f. Robust #transactionmonitoring framework to monitor transactions undertaken by such persons and to evaluate and tag connected #nexus g. Ongoing #screening and evaluation against publicly available information and private domain information as part of risk #mitigation h. #Enhanced periodic client due diligence - increase frequency of review of client documentation and substantiation to remain current and up to date of the client’s status I. Post enhanced periodic client due diligence to revisit and reconsider transaction / client onboarding