Online Scams in Malaysia You Need To Know About

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Online Scams in Malaysia You Need To Know About

The Foreign Buyers Scam

• The most common scam an online seller would encounter.

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The Foreign Buyers Scam

3 Malaysia’s Leading Financial Marketplace

The Foreign Buyers Scam

4 Malaysia’s Leading Financial Marketplace

The Upfront Deposit Scam

• The most common scam received.

• People make upfront deposits after which they do not receive the item.

• The seller disappears and can no longer be contacted.

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The Vehicle Syndicate

• Scammers pose as or use an existing car dealership company details claiming to sell used car online.

• Interested buyers are told to make a deposit payment into the scammer’s account to “secure’ the car.

• Upon making the deposit payment and going to the car dealership, the victim learns that it was a scam and no such employee exists at the car dealership company

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The Tenancy Scam

• This scam deals with fake property agents that trick you into making a deposit to “reserve” a property or unit.

• Prevalent at student hubs.

• Some students are usually in a rush to find a room or house to rent, so they are more susceptible to falling victim to these sort of tenancy scams.

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Online Scams in Malaysia You Need To Know About

• Find out tips on how you can prevent these scams plus a side by side interview with Chung Tsung Chen, Head of Corporate Affairs at Mudah.my by reading the full article at CompareHero.my

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