Malaysian authorities warn foreign students against online money changing scams
The Straits Times
A recent case involved a Chinese student who lost RM20,580 (S$6,710). Read more at straitstimes.com.
KUALA LUMPUR – Foreign students in Malaysia are being urged to exercise caution when dealing with online money changers to avoid falling victim to scams.
Malaysian Chinese Association Public Services and Complaints Department head Michael Chong said a recent case involved a Chinese masters of business administration student who lost RM20,580 (S$6,710) in a currency exchange scam.
Speaking to reporters on March 17, Datuk Seri Chong said: “The scammer used social media to cheat, and the victim lost more than RM20,000. He even faked his MyKad to deceive the victim.
“We are concerned that he may have cheated many others. It is our duty to stop him.”
Mr Chong said the victim, who wanted to be known only as Ms Jiang, sought assistance on March 16 after being scammed by a man identified as 30-year-old Hoong Kah Wai.
On March 8, she attempted to pay her tuition fees via the university portal, but the transactions repeatedly failed.
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