Reported in SinChew 23/4/11 In IPOH.
A group of villagers was cheated in an investment scam in Ipoh.
They were told to invest a lum sum of RM X into a scheme that breed ground Worm and to be exported later with a guarantee monthly return of RM y.
A total of RM 87k was cheated away, 20 person get guarantee return for first two months only. The middleman ran away after that.
Alert:
1. Do not invest with unauthorise party.
2. Always check with Bank Negara for such investment scheme
3. Only invest with BANK that have Bank Negara Licence
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