Home -
Industry -
Main body -

WikiFX Express

Exness
XM
EC Markets
TMGM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
DBG MARKETS

Police arrest 58 in Bangsar for online forex scam

WikiFX
| 2023-10-26 11:27

Abstract:In a recent operation, Brickfields district police chief ACP Amihizam Abdul Shukor reported the arrest of 24 local men, 32 local women, along with a foreign man and woman. The age range of those apprehended spans from 20 to 59 years. The raid resulted in the confiscation of 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.

image.png

On October 20, 2023, the police apprehended 58 individuals suspected of participating in an online forex investment scam at three different business premises in Bangsar.

Brickfields district police chief ACP Amihizam Abdul Shukor disclosed that among those arrested, there were 24 local men, 32 local women, as well as a foreign man and woman. Their ages ranged from 20 to 59. During the operation, law enforcement confiscated 50 laptops, four mobile phones, nine computer tables, one wifi modem, and two investment banners.

WhatsApp Image 2023-10-26 at 11.47.03_2b7503fe.jpg
WhatsApp Image 2023-10-26 at 11.47.49_930b399b.jpg

According to ACP Amihizam Abdul Shukor, their investigations revealed indications of an online forex investment scam. The syndicate utilized social media platforms to promote and offer these investments, targeting victims from various countries, including Malaysia, Vietnam, China, the Philippines, Singapore, and Europe. As part of the ongoing investigation, all suspects have been remanded until Monday, and they face charges under Sections 420, 511, and 120(B) of the Penal Code.

img_v2_6e3cce6f-3780-4ebe-932f-b4d2f54e63ag.png
BrokerForex tradingForex BrokerForex newsforex marketScam AlertFraud Alert

Read more

Firsttrade Review: Traders Raise Ponzi-Style Scam Concerns, Withdrawal Denials & More Issues

Have you lost all your capital while trading via Firsttrade? Does the US-based forex broker disallow you from withdrawing funds? Do you have to pay massive fees when transferring funds? Does your trade get affected because of frequent malfunction in the trading app? These have been haunting many traders at Firsttrade. Consequently, many of them have raised complaints online. In this Firsttrade review, we have shared such complaints. Keep reading to know about them.

Original 2025-10-31 20:49

Don’t Get Scammed: A Roundup of Common Online Fraud Tactics in Forex

Forex scams are evolving faster than ever; learn the most common tactics (cloned platforms, fake investment managers, fake recovery services) and how to spot them before you deposit.

Original 2025-10-31 20:03

Defcofx Review: Spread Manipulation & Poor Customer Support Outrage Traders

Does the poor customer support service leave you stunned when trading via Defcofx? Do you receive blunt, negative responses from the support team on several trading queries? Does the Saint Lucia-based forex broker pile on the losses for you by manipulating forex spread charges? In this Defcofx review, we have shared some complaints made against the broker. This will further answer your question: Is Defcofx real or fake?

Original 2025-10-31 19:39

Beware the “Ghost Brokers” This Halloween — Trade Safely with WikiFX

Stay safe this Halloween! Spot and avoid ghost brokers in the forex world with WikiFX – your trusted tool for verifying broker legitimacy.

Original 2025-10-31 18:49

WikiFX Express

Exness
XM
EC Markets
TMGM
FXTM
FOREX.com
AVATRADE
IC Markets Global
FXCM
DBG MARKETS

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
AVATRADE

AVATRADE

Regulated
IC Markets Global

IC Markets Global

Regulated
TMGM

TMGM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
AVATRADE

AVATRADE

Regulated
IC Markets Global

IC Markets Global

Regulated
TMGM

TMGM

Regulated
DBG MARKETS

DBG MARKETS

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
AVATRADE

AVATRADE

Regulated
IC Markets Global

IC Markets Global

Regulated
TMGM

TMGM

Regulated
DBG MARKETS

DBG MARKETS

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
AVATRADE

AVATRADE

Regulated
IC Markets Global

IC Markets Global

Regulated
TMGM

TMGM

Regulated
DBG MARKETS

DBG MARKETS

Regulated

Latest News

Ponzi Scheme Operator Sentenced to 14 Years in Western Australia

WikiFX
2025-10-31 17:57

Chicago PMI Beats But Remains In 'Contraction' For Second Straught Year

WikiFX
2025-10-31 17:57

How to Add and Take Out Money from Amillex Broker: A Complete Guide

WikiFX
2025-10-31 17:50

T4Trade broker Review 2025: Is T4Trade Regulated?

WikiFX
2025-10-31 17:40

FCA warning: These Firms are on the list

WikiFX
2025-10-31 17:25

Don’t Get Scammed: A Roundup of Common Online Fraud Tactics in Forex

WikiFX
2025-10-31 20:03

Dubai VARA Warns Against Vesta Investments

WikiFX
2025-10-31 19:53

MH Markets Overview: Fees, Platforms, and Regulation

WikiFX
2025-10-31 17:24

Is MultiBank Group Legit or Scam? A 2025 Regulation Review

WikiFX
2025-10-31 19:00

Firsttrade Review: Traders Raise Ponzi-Style Scam Concerns, Withdrawal Denials & More Issues

WikiFX
2025-10-31 20:49

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

one trading

one trading

XGainForex

XGainForex

PULSE

PULSE

SPECTRA Investment

SPECTRA Investment

Capitronix

Capitronix

222-Trade

222-Trade

NICEHASHMINE

NICEHASHMINE

STELLAR ASSET HOLDINGS

STELLAR ASSET HOLDINGS

TRADE ZONEX

TRADE ZONEX

KAPSTREAM TRADING

KAPSTREAM TRADING