Forex scam: At least 100 cheated of RM38mil

KOTA KINABALU- A syndicate offering fictitious foreign exchange investments has cheated more than 100 people of RM38mil over the past year.
The unsuspecting investors, mostly working professionals, directors and managers of companies, lost between RM20,000 and RM500,000 each.
The fleecing ceased after the arrest of a 30-year-old local man, believed to be a key member of the syndicate.
Police are looking for two more suspects, aged 33 and 46, said Sabah Commercial Crime Investigation Department chief Supt Jauteh Dikun.

-TheStar