Here's more food for thought. From the New Straits Times, Malaysia.


31 Aug 2006

KUALA LUMPUR: It was supposedly an elaborate get-rich-quick scam using the Internet.

Operating for the past three years, a couple had allegedly attracted more than 100,000 investors worldwide, offering them two per cent returns daily on their investments.

Investigations by a team from Bank Negara revealed that the couple had allegedly accepted deposits in the form of investments.

The trouble was, they were not licensed by Bank Negara to collect deposits, thus contravening the Bank and Financial Institution Act (BAFIA).

Investigations showed that the couple had offices in Labuan, Nilai and Desa Pandan. They stayed at an apartment in Bandar Sunway.

Bank Negara has now, for the first time, used provisions provided for under the Anti-Money Laundering Act 2001, to act against the couple. It was also said to be a first by Bank Negara in uncovering an elaborate illegal deposit-taking scam, which was carried out through the Internet.

Bank Negara also froze the couple?s assets since investigations began a year ago, and "blacked out" the websites which they were allegedly used to collect funds.

New Straits Times - Malaysia News Online

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