Most people can’t stand living with their siblings, let alone working with them. These sisters are different though, because they love each other enough to start a business together- an investment scam.
There’s nothing like a family business to keep the household running, so three sisters in Klang have been running a fake investment scam, cheating others out of around RM550,000.
They have swindled 18 victims, selling them a “high return investment scam”. They claim that the investment scheme has no risk of loss and fixed high-interest returns.
It was only after one of their “investors” was looking to withdraw some of her “earnings” that the victim realized the investment scheme didn’t exist at all.
The victim then made a police report, which led to the arrest of the three sisters.
The three sisters have since been charged with cheating, though all of them are pleading not guilty and claiming trial to all charges. The total bail for all three of them reach RM1.3 million.
All the best to those who want to do business with their siblings- just make sure it’s not dirty business!
Plus, if someone reaches out to you with an “investment opportunity” that really sounds too good to be true, run far faaaaar away.
Anne is an advocate of sustainable living and the circular economy, and has managed to mum-nag the team into using reusable containers to tapau food. She is also a proud parent of 4 cats and 1 rabbit.