Forbes Capital Again! The Greedy Illegal Broker Just Won's Stop!

Forbes Capital has been show up frequently in BorkersView News in recent months, with more and more Malaysian victims expressing their condemnation of this group of fraudsters through us.

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Another Victim! Forbes Capital Uses Group Chat to Trap Investors

Up to 800% Profit? No! Forbes Capital Scams many Malaysian Investors

The Same Scheme: You Have to Pay to Withdraw Money

The victim who told us about this scam initially saw an ad for Forbes Capital on social media and got the idea to invest. From the advertisements, the company promises its clients good profits, but anyone who knows the company knows that investors will not make a single profit from it, because Forbes Capital is a complete fraud.

As before, the so-called head of the company told the victim that the company has professionals who trade on behalf of the client and that the client himself only needs to invest and wait for the profits. The victim believed what he was told and decided to invest, only to find out that Forbes Capital was a scam.

The investor's account was "profitable" soon after the investment, but the company said that if he wanted to withdraw the money, he had to pay another 5,000 ringgit to "upgrade his account", otherwise the money would not be able to withdraw. But the victim could not pay that much money and said he would find a way to borrow some. Perhaps the scammer thought that the investor had no money, so the swindler started to ignore the messages he sent and did not mention anything about the principal that the victim had invested. In the end, the victim lost a total of 3,789 ringgit (about $882).

The Same Person in Charge, The Same Group Chat

BrokersView found out from the evidence provided by the investor that he came from the same group chat we exposed earlier. And the "head of the company" who led him into the scam was also exposed by us. The scammer's profile shows her name as "Azlina". 

We contacted her via WhatsApp with the intention of asking her if it was true that her investors had been scammed at Forbes Capital.

After introducing ourselves, we asked if the company had ever prevented clients from withdrawing their funds. But she did not answer the questions, only saying that she worked for Forbes Capital. She also switched between English, Chinese, and Indonesian to talk to us, as if she was trying to avoid the question. At last, the scammer did not give any answers about the victimization of investors.

BrokersView Reminds You

Forbes Capital is also using the same scam as Forbes Tech. Since the websites of these two brokers are highly similar, we strongly suspect that these two scams are being perpetrated by the same group of scammers.

Investors are advised not to believe in any Package-Investment-Plan scams. Neither Forbes Capital nor Forbes Tech is supervised by any regulatory body, so investors have no protection for their money invested there!