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in General Elder Fraud
newpittsburghcourier.com
· 2025-12-08
morningjournalnews.com
· 2025-12-08
This article reviews WalletHub's rankings of elder-abuse protections, finding that Ohio ranks 4th nationally and West Virginia ranks 9th, with both states performing well on legal safeguards and resources despite some areas needing improvement. As Ohio's elderly population is projected to reach 25.1% by 2030 and West Virginia's to reach approximately 30%, the article emphasizes that lawmakers, officials, and families must prioritize continued efforts to prevent elder abuse through accessible quality care facilities, volunteer ombudsmen programs, and public education.
newsandsentinel.com
· 2025-12-08
Ohio and West Virginia rank 4th and 9th respectively on WalletHub's list of states with the best elder-abuse protections, with Ohio particularly strong in legal protections and low fraud prevalence. However, both states face opportunities for improvement, including West Virginia's need for more certified volunteer ombudsmen and better nursing home quality standards, especially as their elderly populations are projected to grow significantly by 2030. Experts emphasize that continued legislative efforts, public awareness, and family vigilance are essential to safeguard these vulnerable populations from physical, financial, and mental abuse.
americanbanker.com
· 2025-12-08
In 2024, while overall fraud rates decreased, financial exploitation of seniors emerged as a growing concern for regulators and state authorities seeking to combat it. The year saw notable fraud incidents including a pig butchering scam that contributed to a regional bank's failure and a viral check fraud scheme on Chase Bank, highlighting evolving scam tactics targeting both consumers and financial institutions.
kxii.com
· 2025-12-08
Text message scams, known as "smishing," are increasing in frequency and effectiveness by impersonating legitimate companies like Amazon and USPS, particularly during the holiday shopping season. These fraudulent messages prompt recipients to click links or confirm personal information, potentially leading to malware installation and theft of sensitive data including credit card numbers, passwords, and social security numbers. Scammers operate this as a high-volume, low-risk numbers game targeting no specific demographic, making it highly profitable; experts recommend avoiding clicking links and instead visiting company websites directly to track packages.
consumer.ftc.gov
· 2025-12-08
Scammers are targeting older adults by offering free in-home services like cooking and cleaning in exchange for their Medicare numbers, then fraudulently enrolling them in hospice care to bill Medicare. Only a doctor can certify hospice eligibility for terminally ill patients with a life expectancy of six months or less, and improper enrollment can negatively affect future Medicare coverage. To protect yourself, never share your Medicare number for free services, never agree to hospice enrollment for gifts or perks, and remember that Medicare representatives will not visit your home to sign you up for services.
kitchener.citynews.ca
· 2025-12-08
Spectrum, a 2SLGTQ+ advocacy organization, was targeted by a sophisticated donation scam in late November 2024 involving a fabricated story of a 95-year-old lesbian widow leaving a $25,000 estate gift. The scammers sent a fraudulent bank draft for $65,000 with forged insurance documentation, which would have resulted in a $40,000 wire transfer loss had the organization deposited it; the scheme was detected and reported to regional police before any funds were transferred. The organization's leadership felt deliberately targeted by the elaborate fraud, which included multiple fake email accounts and FedEx-delivered documents designed to exploit their emotional investment in supporting elderly qu
vancouver.citynews.ca
· 2025-12-08
Vancouver Police reported a scam targeting seniors in December 2024 in which fraudsters impersonated bank representatives via phone calls, claiming irregular account activity and convincing victims to surrender personal information and bank cards to couriers. Two seniors lost approximately $40,000 combined—a 72-year-old lost $30,000 and an 81-year-old lost $6,500—after being manipulated into providing passwords, PINs, and home addresses. Police advised the public that legitimate financial institutions never send couriers to collect bank cards and recommend hanging up on such calls and verifying directly with their bank.
kgw.com
· 2025-12-08
A 73-year-old Marysville, Washington grandmother was defrauded of at least $20,000 by a scammer impersonating MSNBC anchor Ari Melber through a fake Facebook profile, who convinced her to send money for his sick dog and later claimed to be in love with her, even sending a fake engagement ring and AI-generated voice messages. The scammer had manipulated Patricia over four months and nearly convinced her to travel to New York to meet him in person before her family intercepted her during a layover in Portland. The case reflects a broader trend, with the FBI reporting over 101,000 people age 60 and older fell victim
silive.com
· 2025-12-08
Multiple residents at NYC Housing Authority's New Lane complex in Staten Island have fallen victim to scams targeting electronic benefit transfer (EBT) accounts, with scammers exploiting seniors' difficulty navigating smartphone EBT apps. Local officials held a press conference to raise awareness and call for stronger law enforcement action, noting that underreporting is common because victims can recoup funds through a lengthy process, and state legislators indicated they would pursue harsher penalties for crimes targeting seniors. Victims are urged to file police reports and contact the relevant scam hotline for assistance.
timesofindia.indiatimes.com
· 2025-12-08
A senior citizen in Bengaluru lost Rs 1.94 crore from his fixed deposit after falling victim to a "digital arrest" scam that began with a WhatsApp video call on November 30th. Fraudsters impersonating a Mumbai Crime Branch officer falsely accused him of money laundering involvement, threatened legal action, and isolated him from help while manipulating him into transferring funds in multiple installments over a week. The victim's daughter discovered the fraud on December 7th when he confided in her, leading to a police complaint.
king5.com
· 2025-12-08
A 73-year-old Marysville, Washington woman lost at least $20,000 to a romance scam involving an imposter posing as MSNBC anchor Ari Melber on a fake Facebook profile. Over four months, the scammer convinced Patricia that they were in love and would marry, sent her a counterfeit ring, and manipulated her into sending money by claiming his dog was dying and he lacked access to funds; the situation escalated when she boarded a plane to New York to meet him, prompting her family to intercept her during a layover. The case highlights a broader problem: the FBI reported over 101,000 people aged
huffpost.com
· 2025-12-08
In 2021, gift cards were the top payment method used by scammers, resulting in $148 million in stolen funds from consumers. Scammers tamper with physical gift cards on store display racks by removing protective film, recording card and PIN numbers, and covering their tracks, then use computer programs to drain funds when victims activate the cards. Unlike credit and debit cards, gift cards lack protections under the Electronic Funds Transfer Act, making it difficult for consumers to recover fraudulently used funds, and experts recommend buying cards from the back of display racks, under cashier supervision, online from reputable retailers, or giving cash instead.
dailyexcelsior.com
· 2025-12-08
Digital arrest scams are a sophisticated cyber fraud where perpetrators impersonate law enforcement officials to extort money or personal information from victims through false accusations of crimes like money laundering or identity theft. Multiple victims in India lost significant sums—ranging from 46 lakhs to 5.9 crore—after being intimidated by scammers using phone spoofing, deepfake technology, and legal jargon to create urgency and fear. These scams leverage psychological manipulation, phishing portals, and demands for untraceable payments via cryptocurrency or gift cards to exploit victims who are prevented from verifying the legitimacy of communications.
english.gujaratsamachar.com
· 2025-12-08
A 72-year-old senior citizen in Ahmedabad lost ₹1.84 crore in a stock market investment scam orchestrated through a WhatsApp group called "VIP A8 Jeevan Team," where fraudsters posed as stock experts and convinced him to download a fake trading app and invest in fabricated IPOs and block deals. The victim discovered the fraud when scammers demanded ₹39 lakh as a "processing fee" to withdraw his purported profits, revealing that all displayed gains were fake and his money had been siphoned to multiple bank accounts. Cyber Crime Police have registered a case and are investigating the fraudsters' network while tracking
newskarnataka.com
· 2025-12-08
A Bengaluru senior citizen lost Rs 1.94 crore from his fixed deposit in a sophisticated cyber scam that began on November 30 when scammers impersonated a Mumbai Crime Branch officer via WhatsApp video call and falsely accused him of money laundering involvement. Using psychological manipulation tactics including fake "digital arrest" and threats of legal consequences, the fraudsters coerced the victim into transferring funds in multiple installments over several days while keeping him isolated. The scam was uncovered on December 7 when the victim disclosed the situation to his daughter, who recognized it as fraud and helped him file a police complaint.
timesrepublican.com
· 2025-12-08
Three Iowa volunteers with the Central Iowa Retired Senior Volunteer Program presented a fraud prevention program highlighting major scams targeting seniors, including a Fort Dodge victim who lost over $500,000 to scammers and a Marion woman who lost $30,000. Common schemes discussed included grandchild impersonation scams, fraudulent Medicare reimbursement demands, and affinity fraud targeting religious or ethnic groups, with the volunteers providing prevention strategies such as not answering unknown callers, verifying urgent requests by calling relatives directly, and avoiding upfront payments to strangers.
edmontonjournal.com
· 2025-12-08
John Kevin Letun, a B.C. businessman, was sentenced to four years in federal prison for defrauding his uncle William Theodore Letun of over $700,000 using a power of attorney agreement. Letun, who gained control of his mentally incapacitated uncle's finances in 2009, misappropriated the funds for personal expenses including vacations, vehicles, and his children's tuition until the fraud was discovered by care home staff in 2015. The court awarded William Letun's estate $1.7 million in restitution and barred Letun from ever serving as executor or power of attorney again.
aol.com
· 2025-12-08
A Florida real estate agent, Jason Valiant, was arrested for allegedly defrauding an elderly Ormond Beach couple of $1.6 million in properties and depleted bank accounts by forging power of attorney and healthcare surrogate documents while they were hospitalized. Valiant used the fraudulent authority to transfer the couple's home and two other properties to himself, drain their accounts, and use their credit cards for personal expenses; authorities also allege he signed a Do Not Resuscitate order for one victim, resulting in their removal from life support. Valiant faces charges including organized scheme to defraud, exploitation of an elderly adult, and identity theft.
taipeitimes.com
· 2025-12-08
**Type:** Educational/Prevention Advice
An expert psychiatrist in Taiwan recommends three preventive measures to protect elderly people from fraud: regular cognitive function assessments to detect early impairment, reducing alone time through social engagement and community activities, and holding major assets in trusts or guardianship arrangements. The advice comes amid rising elderly fraud cases in Taiwan, including a retired physician who lost over NT$10 million and actress Tan Ai-chen who lost over NT$1 million, with scammers typically targeting seniors during daytime hours when family members are at work.
statista.com
· 2025-12-08
A UK survey conducted July-August 2023 found that seniors aged 50+ from ethnic minority backgrounds were more likely to report being scammed compared to seniors with white ethnic backgrounds, though specific percentages are not fully visible in the provided text. The research highlights disparities in scam victimization among older adults based on ethnicity in the United Kingdom.
thelivenagpur.com
· 2025-12-08
A 65-year-old man in Nagpur lost Rs 5.08 lakh in a "digital arrest" scam between December 4-6, when fraudsters called claiming his mobile number was linked to money laundering and threatened immediate arrest. The victim was manipulated into transferring the funds online before realizing the deception. Ajni Police registered a case under BNS Section 318(4) and IT Act provisions, with the investigation ongoing.
india.com
· 2025-12-08
A 68-year-old senior citizen in Bengaluru lost Rs 1.94 crore (approximately $233,000 USD) in a "digital arrest" scam that occurred on November 30. The victim received a WhatsApp video call from a scammer posing as a Mumbai police officer who accused him of involvement in a money laundering case, then coerced him into transferring funds over seven days under the guise of a fake "digital arrest" investigation. The fraud was discovered when the victim's daughter learned of the scheme and reported it to police.
glensidelocal.com
· 2025-12-08
Louigi Frank, 35, was arrested on December 12 for operating a driveway repair scam targeting elderly residents through his company Seal Coat Pro. Frank and his wife approached an 89-year-old Bedminster Township resident claiming they had extra sealcoat material, then charged her $7,000 for unnecessary driveway work. Police report this is a common scam targeting seniors using the "extra material" sales pitch, and are asking other potential victims to contact Officer Jim Browne at 215-795-2972 ext. 108.
wvnews.com
· 2025-12-08
This educational article provides prevention strategies against financial exploitation, citing FTC data showing $10 billion in consumer fraud losses in 2023 (a 14% increase from 2022), with investment scams accounting for nearly half of all losses. The article recommends three protective measures: enrolling in USPS Informed Delivery to monitor incoming mail, setting up transaction alerts with banks and credit card companies, and designating a trusted "watchdog" to provide input on financial decisions. These preventive approaches aim to help individuals detect and prevent exploitation early.
timesofindia.indiatimes.com
· 2025-12-08
A 65-year-old retired government employee in Panchkula lost Rs 4.36 lakh to a social media romance scam perpetrated by two women, Anita Pandey and Sweety Chandrakar, who posed as business associates online. The article also highlights two related elder fraud trends: a 60-year-old engineer losing Rs 68 lakh through a fraudulent share trading app, and a spike in "digital arrest" scams targeting seniors in Kolkata, with one victim losing over Rs 66 lakh.
presidentialprayerteam.org
· 2025-12-08
The Federal Trade Commission updated its Telemarketing Sales Rule to include inbound calls for technical support services, targeting a major fraud scheme where consumers are tricked into paying for unnecessary tech support through misleading ads and pop-ups. Older adults aged 60 and above lost over $175 million to these scams in 2023, making them disproportionately vulnerable to this type of fraud. The regulatory expansion aims to hold businesses accountable and recover funds for victims of tech support scams.
lamilano.it
· 2025-12-08
A 35-year-old man named Bruno Abbruzzese was arrested in Terzigno, Naples, for attempted extortion and fraud involving a "mirror scam." The scheme involved damaging a victim's vehicle (using rocks or fake damage created with black wax), falsely claiming the victim caused the damage, and demanding cash compensation while threatening the victim with a jack as a deterrent. Carabinieri arrived during the incident and arrested Abbruzzese, who is awaiting trial.
prnewswire.com
· 2025-12-08
Durable Medical Equipment (DME) fraud, identified as December's Medicare fraud concern by the New York StateWide Senior Action Council, involves scammers making unsolicited calls to Medicare beneficiaries offering free or discounted braces and other unnecessary medical equipment to fraudulently bill Medicare. Seniors are advised to guard their Medicare numbers, avoid responding to unsolicited offers, ensure a doctor has personally assessed their condition before obtaining equipment, and report suspicious charges to the NYS Senior Medicare Patrol at 800-333-4374, as such fraud costs taxpayers an estimated $60 billion nationally per year.
finance.yahoo.com
· 2025-12-08
The New York StateWide Senior Action Council identified Durable Medical Equipment (DME) fraud as its December fraud alert, warning seniors about scammers offering unsolicited calls or ads for free or low-cost braces and other unnecessary medical equipment to steal Medicare information and submit fraudulent claims. The organization advises seniors to guard their Medicare numbers like credit card numbers, avoid responding to unsolicited offers, ensure a doctor has personally assessed their condition before receiving equipment, and report suspicious activity to the NYS Senior Medicare Patrol at 800-333-4374.
clickondetroit.com
· 2025-12-08
Researchers at USC Dornsife have identified a potential early warning sign of Alzheimer's disease: sudden poor financial decision-making in older adults who otherwise test cognitively normal. The study found that thinning of the entorhinal cortex—a brain region that deteriorates first in Alzheimer's disease and helps assess future outcomes and value—is associated with financial vulnerability, suggesting that unexplained susceptibility to scams or poor money choices could indicate early cognitive decline before other symptoms appear. Early recognition of this sign may prompt earlier testing and diagnosis, allowing patients and families more time for treatment planning and emotional adjustment.
wbtv.com
· 2025-12-08
A 73-year-old California woman was defrauded of thousands of dollars over four months by a scammer who impersonated MSNBC host Ari Melber on a fake Facebook profile, initially requesting money for a supposed sick dog and later claiming romantic interest and plans to marry her. The scammer used an AI-generated voice message to strengthen the deception and nearly convinced the victim to travel to New York City to meet in person, though a family member intercepted her during a layover and brought her home. The FBI reports that such scams targeting older adults are increasingly common, with over 101,000 people age 60 and older reporting fraud in the previous year.
postandcourier.com
· 2025-12-08
The FBI issued a public warning about an advanced tech support scam targeting South Carolina seniors, where scammers pose as tech support and instruct victims to liquidate assets and purchase gold bars for courier pickup to resolve fabricated device or financial account issues. South Carolina residents aged 60 and older reported losses exceeding $9 million from January through November, with similar cases occurring nationwide, and the multi-layered scheme often involves networks of criminals working together over weeks or months. The FBI advises seniors to avoid clicking unsolicited links, never provide computer access to unknown individuals, and verify suspicious claims by visiting financial institutions in person rather than contacting provided phone numbers.
thecentersquare.com
· 2025-12-08
Three individuals were convicted of abusing six disabled and elderly residents (ages 32-66) at an unlicensed care facility called Secure Hands Board and Care Facility in Riverside, California, where victims were found malnourished and living in unsanitary conditions without proper care. Joel Ombao received five years in prison, Ronnel Tiburcio received seven years, and Nimfa Molina received 122 days in jail for their roles operating the facility without proper licensing, staff, or equipment. The case was investigated and prosecuted by the California Department of Justice's Division of Medi-Cal Fraud and Elder Abuse and the Riverside Police Department
oag.ca.gov
· 2025-12-08
Three operators of an unlicensed Riverside care facility were sentenced for neglecting and abusing six severely disabled residents aged 32-66, who were found malnourished, dehydrated, and living in squalor without proper medical care or staffing. Ronnel Tiburcio received seven years in prison after being convicted of six felony counts of elder abuse likely to produce great bodily harm and death, while facility owner Joel Ombao received five years and registered nurse Nimfa Molina received 122 days in county jail. The case was prosecuted by California's Division of Medi-Cal Fraud and Elder Abuse.
justice.gov
· 2025-12-08
Matthew Ramos-Soto, 27, from Connecticut, was sentenced to 41 months in federal prison for his role in a grandparent scheme wire fraud network that targeted elderly victims across the United States. Operating as a courier posing as a bail bondsman, Ramos-Soto collected over $250,000 from victims in Wisconsin alone between October 2022 and October 2023, with the broader scheme involving coconspirators who called elderly victims claiming their relatives needed bail money for serious accidents or crimes. Judge Peterson described the crime as "cruel and devastating" and emphasized the significant financial and emotional harm inflicted on victims.
claconnect.com
· 2025-12-08
In December 2024, FinCEN and five federal financial regulatory agencies issued interagency guidance to help financial institutions combat elder financial abuse, which resulted in approximately $27 billion in suspicious activity reports over a one-year period ending in June 2023. The guidance recommends key practices including employee training to recognize exploitation, transaction holds and disbursement delays, trusted contact designations, timely reporting to authorities, and consumer outreach programs. Financial institutions are encouraged to implement robust governance policies and collaborate with elder fraud prevention networks to protect older adults from both stranger scams and abuse by trusted individuals such as family members and caregivers.
wfiwradio.com
· 2025-12-08
An elderly couple in Williamson County, Illinois lost $121,000 to an imposter scam in which criminals posing as PayPal and federal agents convinced them their accounts were compromised and directed them to withdraw cash for "secure" deposit. Three Chinese nationals were arrested in October and now face federal wire fraud charges after attempting to collect the cash from the victims' home using code words provided by the scammers. The U.S. Attorney's Office reports a rising trend of such imposter scams targeting seniors in southern Illinois, where fraudsters use scare tactics and pressure victims to keep withdrawals secret from their banks.
justice.gov
· 2025-12-08
Two Irish brothers, Patrick and Matthew McDonagh, were sentenced to 18 months in prison for conspiracy to commit wire fraud targeting elderly homeowners across the United States. The scheme involved falsely claiming homes needed urgent repairs (roof holes, foundation damage) and pressuring victims to write checks; one Shoreline, Washington homeowner lost $435,000, while victims in Oregon, Illinois, and Bellevue lost an additional $798,000 combined. The defendants have agreed to pay over $1 million in restitution to their victims.
ksat.com
· 2025-12-08
The Department of Homeland Security Investigations issued a holiday season warning about phone scams targeting seniors and vulnerable populations, including grandparent scams, charity scams, tech support scams, banking scams, and government impersonation scams. The agency recommends protecting yourself by avoiding sharing personal information, verifying caller identity, being skeptical of urgent requests, staying alert online, and reporting suspicious activity to HSI or local authorities.
cbsnews.com
· 2025-12-08
AI-enabled voice cloning tools are increasingly used in "grandparent scams" to impersonate loved ones and pressure victims, particularly seniors, into sending money quickly; in 2023 alone, senior citizens lost approximately $3.4 billion to financial crimes according to FBI data. Cybersecurity experts recommend families establish a unique "safe word" or phrase (at least four words, not easily researched online) and require callers requesting money to verify their identity using this phrase before any funds are transferred. The strategy exploits fear-based emotional responses that impair judgment, but can be effectively countered through proper family communication about the safe word protocol.
aarp.org
· 2025-12-08
Scammers are increasingly using sophisticated emotional manipulation tactics—such as texts about sick puppies—to engage potential victims, with experts predicting this trend will accelerate in 2025 due to improved AI and deepfake technology. The article highlights that older Americans are frequent targets, losing over $3.4 billion to fraud in 2023 with an 11% year-over-year increase in reported losses among those over 60. Key scams to watch include employment fraud, cryptocurrency schemes, and impersonation scams that exploit emotional triggers and misuse of company names and hiring manager identities.
prunderground.com
· 2025-12-08
"Senior Savvy: A Comprehensive Guide to Avoiding Scams" is an educational resource released by financial expert Andy LaPointe that teaches seniors to recognize and prevent fraud across multiple platforms, including phishing emails, social media scams, cryptocurrency schemes, romance scams, and door-to-door deception. The guide provides step-by-step explanations, real-world examples, and actionable strategies for responding to scams, with particular emphasis on protecting seniors during high-risk periods like the holiday season when scammer activity increases.
hindustantimes.com
· 2025-12-08
A 68-year-old Bengaluru resident lost ₹1.94 crore from his fixed deposit after falling victim to a "digital arrest" scam in which fraudsters impersonating Mumbai crime branch officers accused him of money laundering and held him under fake digital arrest for seven days. The scammers contacted him via WhatsApp video call on November 30, claimed his ATM card was seized in connection with Jet Airways founder Naresh Goyal, and coerced him into transferring funds in multiple installments while threatening him to remain silent. He discovered the fraud only when he confided in his daughter on December 7, who helped him file a police complaint with the southeast
nypost.com
· 2025-12-08
A 73-year-old Seattle-area grandmother was defrauded of at least $20,000 by a scammer posing as MSNBC host Ari Melber through a months-long Facebook dialogue that included romantic manipulation and requests for money for a sick dog. The victim was intercepted at Portland airport by family members who tracked her cell phone before she could meet the impostor in New York, where relatives feared she would be taken hostage and held for ransom. The scam involved fake engagement ring, AI-generated voice messages mimicking Melber, and the Marysville Police Department has launched an investigation.
wifr.com
· 2025-12-08
A 73-year-old California woman was scammed out of thousands of dollars by someone posing as MSNBC host Ari Melber on a fake Facebook profile over a four-month period. The scammer manipulated the victim by initially requesting money for his "sick dog," then claiming to be in love with her and promising marriage, and eventually sending an AI-generated voice message impersonating Melber before the victim attempted to fly to New York to meet him—an intervention by family members prevented the trip. The incident highlights the vulnerability of elderly individuals to romance and impersonation scams, with the FBI reporting over 101,000 people aged 60+ reporting fraud in the prior year.
uppermichiganssource.com
· 2025-12-08
Banking experts and law enforcement officials offer holiday fraud prevention advice, noting that U.S. consumers lost $10 billion to scams in 2023. Key recommendations include guarding personal information and never sharing it via phone or email, verifying website legitimacy before online purchases, avoiding responding to text message scams, using credit cards instead of debit cards for added protection, and setting up bank account notifications to monitor transactions closely.
malaymail.com
· 2025-12-08
A 73-year-old businessman in Kuala Terengganu lost RM704,000 to a fraudulent investment scheme after responding to a WhatsApp advertisement promising high returns; he made 10 transfers to three different accounts between November and December before realizing he would receive no returns. Police are investigating the case under Section 402 of the Penal Code and advise the public to verify investment opportunities through official sources such as Bank Negara Malaysia and the Securities Commission Malaysia.
k99.com
· 2025-12-08
Colorado residents face an emerging threat from AI-powered deepfake scams expected to surge in 2025, including deepfake audio and video that impersonate loved ones or celebrities to manipulate victims into sending money. These scams exploit emotional connections by creating convincing fake videos of people the victim knows requesting financial assistance or using fake celebrity identities to build relationships before requesting money. The article advises all Colorado residents to learn to recognize scam warning signs and stay informed about these evolving tactics to protect themselves from financial loss.
thestar.com.my
· 2025-12-08
A 73-year-old businessman in Kemaman lost RM704,000 after responding to a fake investment advertisement on WhatsApp for "Saham L-5 Cicc Investment," which promised high returns but never delivered. The victim made 10 transfers to three different bank accounts before filing a police report, with the case now being investigated under fraud provisions. Police advised the public to verify investment opportunities through official channels like Bank Negara Malaysia and the Securities Commission before participating.