Reports from China have emerged that a couple accused of swindling nearly RM19 billion (US$4.4 billion) from over 400,000 investors there, have now fled to Malaysia. Well, they must see a good, ridiculous returns promises scam pool opportunity when they see one.
The Nanyang Siang Pau sites multiple Chinese sources who report that the two had started an unscrupulous forex investment firm promising, yep – unfathomably high returns. The couple were based out of Shenzen
The 26-year-old Chinese woman, and her Malaysian husband ran the company IGOFX with the slogan “earn USD without lifting a finger.” This is something that in the entire existence of the world, unless you’re sitting on an inheritance, will never happen.
The scheme collapsed in early June, and the woman has been unreachable on both her mobile phone and WeChat since June 11.
The Star writes that on 30 June, nearly 100 jilted investors gathered at the Shenzen police to lodge their complaints and try to recoup losses.
Police reports have been lodged in the cities of Nanjing and Changzhou in Jiangsu province, Shijiazhuang in Hebei province as well as cities in Zhejiang and Hubei provinces.
Circulating over Chinese social media site WeChat, were images of one alleged investor’s slit wrists, although this has not been verified.
IGOFX is registered in the banking powerhouse of Vanuatu (lol), and used sports sponsorships to give investors a semblance of legitimacy.
There have yet to be any reports of the firm’s activities in Malaysia. Hey – you know we love a good deal/steal.
