I don’t know about you but since several past weeks I have been receiving emails that claims to make you rich. Almost everyday, yeah. The unique thing about these emails are that they are in Malay, and originating from Malaysia and Singapore.
So far I can easily classify these emails into a few categories:
- Mobile Wallet – pay as low as RM100 to them, activate your account via SMS and you can sell mobile products such as prepaid reloads. How can you be sure that they will not just take your RM100 and flee?
- Easy Funds – pay some money, refer friends, and be paid. Ponzi!!!
- Money pools – participate in a money pool. Pay about RM52 and be in the run for the jackpot of RM60,000+
- Email Referrals – refer people via email and get paid.
- Classic Ponzi or Matrix System – nothing special about this one. Everyone knows how a pyramid or matrix system will end.
Almost all of these emails claimed that you can be a millionaire in a couple of months if you join them. Are you kidding me?
One word of advice, it is better if you keep your money for something useful or invest it in a Government certified fund.
I know the Malaysian Securities Commission has been actively blocking many foreign sites for offering fraudulent investment programs, but I wonder how are they going to handle these which are originating from the country itself. Despite of warnings issued by the Government the number of people who fell into these traps are still surprisingly high. And when they realize what actually has happened they will blame the Government. Duh!…