Gullible’s Travels: Ringgit moves at faster rate to Africans posing as whites
(TMI) – So what took conmen 12 months to make, now takes just 6 months.
The rate at which Malaysians are losing their cash to conmen has gone up at a stunning rate.
Just in the first six months of this year alone, the gullible lost a staggering RM1 billion. But what’s just as shocking is that this figure is pretty close to the entire amount lost in all of last year.
So what took conmen 12 months to make, now takes just 6 months.
More than half of that lost billion this year leaked out of financial institutions through weak management systems – about RM580 million.
But a shocking fact is that by and large, the scams, cons and tricks remain basically unchanged from last year, raising the fascinating question of just what will it take for some Malaysians to learn that when something sounds too good to be true, it probably is.
The Federal Commercial Crimes Investigation Department told The Malaysian Insider that losses amounting to RM987 million were reported from January to June – compared to losses of RM1.2 billion for the whole of last year.
