Cops nab 40, smash crypto scam syndicate involving RM50mil losses

The Star 2023-11-03

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Police have busted a cryptocurrency investment syndicate, involving losses amounting to over RM50mil, with the arrest of 40 individuals.

Bukit Aman commercial crime investigation department (CCID) director Datuk Seri Ramli Mohamed Yoosuf told a special media conference on Friday (Nov 3) that the syndicate's modus operandi was to offer cryptocurrency investments giving high returns in a short period.

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