Fake Investments Trap Nearly 9,300 Malaysians, Losses Hit RM1.37 Billion

Malaysia saw a surge in fraudulent investment schemes in 2025, targeting a wide range of age groups and siphoning over RM1.37 billion, according to data from the Royal Malaysia Police and JSJK (Jabatan Siasatan Jenayah Komersil, Commercial Crime Investigation Department).

From January to November, 9,296 victims were recorded. The most affected were adults between 41 and 60 years old, with 2,088 cases in the 41–50 range and 1,988 in the 51–60 bracket. The 31–40 age group accounted for 1,881 victims. Young adults and even teenagers were impacted, with 1,290 cases in the 21–30 range and 265 cases for ages 15–20. Seniors above 60 accounted for 1,784 victims.

Modus Operandi

JSJK reports that these schemes often promise high returns with minimal or zero risk. Fraudsters use social media, messaging platforms, and endorsements from fake influencers to lure victims. Companies and platforms involved are frequently unregistered or entirely fictitious.

Victims may initially see fabricated profits on internal dashboards. To withdraw funds, they are asked to pay additional fees, taxes, or account upgrades. Once payments are made, communication often ceases, leaving victims without recourse.

Broad Demographic Impact

Cases demonstrate that no age group or professional background is immune. Scammers tailor messages and investment narratives to each target, making schemes highly adaptable. The high-value nature of these frauds means individual losses can quickly reach six or seven figures, multiplying the impact across thousands of victims before detection.

Authorities continue to classify fake investment schemes as one of Malaysia’s most damaging financial crimes. Public vigilance and verification of investment platforms and advisors remain critical to limiting exposure.