RM31M Lost: 'High Inspirations' Scam Exposed as Victims File Reports
On April 22, seven foreign victims reported an alleged investment scam in Malaysia, claiming total losses of over RM31 million. The case involves an online platform called “High Inspirations.”
Lawyer Andy Yeoh said the victims include six Chinese nationals (including individuals from mainland China and Taiwan) and one South Korean. More than 300 others may also be affected and are considering legal action.
The platform promised returns of 5% per transaction and attracted investors since 2018. However, withdrawals stopped in September 2021, and the platform shut down in August last year.
Victim Liu Chun Kuang said many people invested their savings, including small business owners and workers. He urged authorities to investigate and help recover the funds.
Police officer Mohd Rosdi Daud confirmed that reports have been received and investigations are ongoing.
BrokersView Reminds You
Be cautious of investment platforms promising fixed high returns—this is a common scam tactic.
If you suspect you have encountered a fraudulent platform or are facing withdrawal obstacles, please preserve all chat logs and trading screenshots. You can promptly submit a complaint to BrokersView, and we will assist you in reporting the situation to the relevant regulatory authorities.
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