”. In a statement released on Aug 29, it said the list consists of companies and. 5 million using investment scams four years ago. lembaga kenaf sasar 10,000 hektar tanaman kenaf menjelang 2020 0 rating rating ratings Sonam DesaiMisusing the name and credentials of Areca Capital Sdn Bhd (eCMSL/A0175/2007) a licensed entity with SC for Dealing in Securities (dealing in securities restricted to unit trusts), Fund Management (fund management in relation to portfolio management), Investment Advice and Financial Planning to carry out an illegal investment scheme. #2. Drumming up interest in investments is another lucrative tactic scammers deploy. Troy Gochenour, 50, of Columbus, Ohio, was conned out of $25,800, including $15,800 in borrowed money, in a crypto-mining. You should stay far, far away. The scammer's initial contact is typically made via dating apps and other social media sites. Clicking the link can install malware on your device. 52. Scamming is rampant. These scammers may ask you to send a small amount as a “clearance fee” or for “account verification. Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009. Fake court summons emails. They took in $340 million from people around the world while promoting Forsage on social media as a legitimate, low-risk investment opportunity. S. 1. )The 419 scam is an infamous advanced fee fraud tactic that originated in Nigeria and has since spread around the world. 1. 8B in losses in the U. my or contact us at Toll Free: 1-800-88-3737. Threats & extortion. Sergiu Gatlan. 14, 2022, a Facebook page named Tina's Finance, which is not a real company, advertised a doctored picture of billionaire Warren Buffett supposedly holding a giant. Iqbal Hafizi Jamal memaparkan imej di LinkedInAt Kenaf Venture Global Sdn. The Financial Conduct Authority has a site helping you to spot investment scammers – ScamSmart, which includes a database of dodgy companies to avoid). Please take note that this list is not exhaustive and only serves as a guide to investors prior to making any investment decisions. Scammers use a variety of strategies to trick people into sharing personal information. Ask questions. "The scammer poses as a tech support representative, claiming that. e. Kenaf Venture Global (KVG) is among the leading kenaf planters and producers in Malaysia. The biggest losses were to investment scams, including cryptocurrency schemes, which cost people more than $3. The National Agricommodity Policy (DAKN) 2021-2030 will drive the development of the agricommodity sector in a more sustainable, competitive and market-oriented manner in line with new norms and increased digital technology use post-Covid-19, Prime Minister Datuk Seri Ismail Sabri Yaakob said. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Mohd Kamarudin Md Din said his department. [126] Chandigarh booth scam [127] Odisha illegal-mining scam (₹59,203 crore) [128] [129] [130] Concerns and controversies over the 2010 Commonwealth Games. You may be able to recover some or all of your money. Malaysia-based Kenaf Venture Global (KVG) is considering putting up multiple kenaf plantations in the Philippines, with an initial investment plan of $100 million for a 10,000-hectare farm which canPyramid Schemes: Scammers will tell you that a small investment can earn a large pay out—or profit. Common Investment Scams Investment Seminars and Financial Planning Activity. He tells you to deposit the check into your. 5 million, she thought that was about to change. Investment/‘Get Rich Quick’ Scams. 31 billion last year. Kenaf is a brown plant fibre similar to jute that is used to make ropes and coarse cloth. An average person lost $500 in these scams, 25% of which resulted in a financial loss. 4 This figure is based reports submitted from October 1, 2020 through March 31, 2021 that were classified as romance scams. Cara #3 Mahkamah Tuntutan Kecil. Honest organizations won’t call, email, or text to ask for your personal information, like your Social. Taking the steps below can help you reclaim power from the fraudsters and begin to move forward. 31 Jan 2017. Even if you have never been subjected to an investment fraudster’s sales pitch, you probably know someone who has. The FBI says America has a “pig butchering” problem. Funds linked to that scam reached an account in the name of Chinese. For malicious messages, lodge reports to the NBI Anti-Fraud Division at (02) 8525-4093 or e-mail at afad@nbi. This is a classic scam where a scammer pretends to be "from Microsoft" or another tech company, Malik says. According to Genkin, consumers can avoid scams by “exercising caution around high-pressure sales. Why? It seems that kvgsb. LAS VEGAS, NV, Oct. 35/MT - $1,874. Send an email to your bank’s E-fraud team as well as the online scammer. Some of the biggest exit scams we’ve seen so far are Plexcoin, which gathered $15 million in investments before it was suspended, and Benebit, the team behind which ran off with between $2. The FBI Criminal Investigative Division and Securities and Exchange Commission warn investors of fraudsters impersonating registered investment. 10. Singapore’s Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while posing as agents of the firm’s. Guaranteed High Investment Returns. Bhd. Read more about kenaf Bringing people. Kenaf Venture Global Sdn. Whitten Kenaf. Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin(pix) said currently, the value of the country’s kenaf exports stood at RM10 million and the amount could be increased if. And, with investment scams, crypto is central in two ways: it can be both the investment and the. Avoid Fraud. Always perform background checks. Pet Scams. That’s more than people lost to any other scam, and more than double the loss reported in 2021. The application, offered from a fake app store, came in Android and iOS “web clip” versions. 75/MT plus shipping and handling. This funding aims to strengthen sustainable, inclusive, and resilient food systems in the world’s poorest countries, in. S. "I was like, 'This is working. According to the Federal Trade Commission , the average loss per investment scam is over $16,000 per victim. Updated 8:15 AM PST, August 17, 2023. Scammers are aware of the hype around AI and are using this hype to their advantage to trick investors. We've all seen phishing scams pop up in our email - you know. An FBI report found that victims reported losing a total of $3. You should also call your local police department on a. Supported by. Some scammers are so lax, they don't even bother with stock-picking anymore. 2. The investment exists, but the money you give the scammer doesn't go towards that investment. KUALA LUMPUR: An alleged bogus investment firm has left hundreds broke, and victims are now urging prompt actions to be taken. By 2022, the number of reports increased significantly, with 77,599 reports (74% of all) revealing a loss of money. Aug. "This effort is driven by the industry and regulated by LKTN through public and private strategic collaboration through the. — AZMAN GHANI/The Star PETALING JAYA: Bank Negara Malaysia said it has added trading platform OctaFX to its. , the FTC said. The offences were committed during the period between July 2011 to September 2013. Tip #4: Check if an entity is blacklisted on the MAS Investor Alert List. S. The public is advised not to make any investment with companies/individuals that are not licensed or approved by the SC. In response to her rejection, the scammer told her that he would pay the majority of the 'investment', convincing Adeline to put in US$2,500. The crypto platform promised investors returns of at least 5. To recover money from a scammer, gather any evidence of the scam, such as copies of emails, bank statements, and receipts. Kenaf is a brown plant fibre similar to jute that is used to make ropes and coarse cloth. According to the Federal Trade Commission, American consumers lost more than $5. Now that they know that we’re out there, we’ll be all over the place,” he added. [3] Investment scams refer to fraud reports classified as investment seminars and advice, stocks and commodity futures trading, art, gems and rare coin investments, and miscellaneous investments. Here’s how they work: You see an infomercial, or an ad online, saying you can learn how to make lots of money. According to the 2022 figures from The Australian Competition and Consumer Commission’s Scamwatch, investment scam losses in the first half of 2022 increased 314% compared to the same period in 2021. Investment scams aim to get unsuspecting people to hand over money – they can seem perfectly legitimate, appearing knowledgeable with websites, testimonials and marketing material. "Fewer people are reporting investment scams [but] due to their nature, encouraging. National Kenaf and Tobacco 5 Section 37. Investment scams. com ? 0 0 0 0 0 No reviews. People reported a record $547 million in losses to romance scams in 2021. Tho Vu spent nearly her entire life savings after being tricked by a crypto scammer. The number of fraud cases reported in 2022 was down year-over-year but the amount of money lost to scams was up—to $8. These projections will be valuable in determining feasibility of the project, securing financing, attracting investment and guiding management so that the company can reach its full potential. Dear Carol, Good evening in hope your having a successful Saturday! Thanks for contacting me back accepting my hands of friendship. Blackmail and extortion using your sensitive photos. The IRA also allows the crook to. The “profit” that you get is really just money paid by other investors. Romance scams. The FBI says it busted a big crypto Ponzi scam. Be suspicious of unsolicited investment offers made online, on social media or over the phone. The story often involves scams related to online dating, work-at-home jobs, or prizes. Frauds involving cryptocurrency, including pig butchering, represented most of these scams, increasing 183% from 2021 to $2. S. 45 billion, according to the FBI. MoneyGram at 1-800-926-9400. Masquerades as your employer. A. Jenkins isn’t some greenhorn fresh to the world of money and crime. “In total with my savings and line of credit I have lost $750,000,” said. You send the money and never get anything in return. Consumers may refer to the FCA List as one of several ways to check if an entity or a scheme has been identified as one that has not been authorised by BNM to offer financial products or services that are regulated by BNM. Investment information found in social media also may be inaccurate, incomplete, or misleading. They Send You a Link to Another Service or Website. Start by collecting all relevant documentation concerning the fraud in one file that you keep in a secure location. 8. Kenaf can replace tree cutting as it makes tree free paper, can be used for people food as a potherb or gluten free flour, livestock feed, paper, biochar, carbon sequestration, fabric and biocomposites. Reported losses to Scamwatch increased by 112. Iqbal Hafizi Jamal memaparkan imej di LinkedIn At Kenaf Venture Global Sdn. Take time to consult with a person who is not participating in the investment, such as an independent lawyer, banker, accountant, financial adviser or someone with financial expertise before investing. That's right; Elon Musk's name alone is enough to draw people into scams of all kinds, and you'd be. Crooks use social media or other websites to offer puppies for sale and take money but never deliver the animal. My husband and I have lost our life savings to a very professional investment scammer. A 37-year-old woman saw a Facebook advertisement for an investment scheme that promised quick and high returns. While online shopping scams have the highest number of reports, the largest share of dollar losses are to scams that use social media to promote fake investment opportunities. By CORA LEWIS. 2 billion in 2022 dollars) Firm owner James Paul Lewis Jr. 2. 62650 Putrajaya. KVG signed a series of Memorandum of Understanding (MoU) at The St. Trustscore 0 / 100 What is this? Disclaimer What is your feeling about kvgsb. 3 million – the highest amount lost among all scam types. 3 billion in reported losses — up from 56,000 reports and $547 million lost in 2021. Really bad investment advice. Scam Info is a non-commercial project aimed at saving you from being scammed. Student Loan Forgiveness Scams. That’s a scam. No. : 603-88921611 Fax No : 603-8892 1702. 19, 2023 5 AM PT. Paid subscription scams. Look out for phone numbers you’re not familiar with. That's because fraudsters ‘fatten up’ the victim with loving words before executing the investment part of the scam. Kenaf Venture Global, Kuala Lumpur, Malaysia. Says that his name is Charles Solbes from france There are two sites associated with this scam the first being and the second . The recent surge in a cryptocurrency investment scam, where an AI-generated CEO lured individuals into financial traps, highlights the sophisticated tactics employed by cybercriminals. (KVG), a prominent private kenaf planter in Malaysia with a kenaf plantation as well as a fiber and core processing line, has put up a $100 million investment to a project in the Philippines that would provide 300 local workers with employment opportunities and also to have a constructive effect on society and the international community. A record number of nearly 2. 16 Oktober 2021, 2:22 pm. 1. Promises of high rates of returns. You can read about how to spot and avoid scams on Facebook, CashApp, and Venmo online. “The bilateral agreement between the two parties, Kenaf Venture Global Sdn. Nation 20 Nov 2023. T) Co-Founder, President Mr Azman Ahmad is the President. Ketahui maksud setiap jenis scammer Malaysia dan cara untuk elak ditipu. The unregulated nature of blockchain-based digital currencies makes it easy for fraudsters to swindle victims without a trace. The Hemp Farming Infrastructure (Division Two) consists of numerous acres of hemp and kenaf growing in multiple locations, farm equipment, cloning rooms, clones and seeds, grow rooms, greenhouses. The scammer says they represent a well-known company – but they're lying. 1 among. When she called, an agent representing a company called ‘GenesisBusiness’. One type of increasing online scam is a puppy scam. Impersonator scams were still the most-reported scam, with reported losses of $2. There are fraudsters making all kinds of claims to trap victims online - from fake investment opportunities to online stores - and the internet allows. Israel lied to his investors promising that their $300 million investment would turn into $7. The suggestion may come from a new LinkedIn connection, or from an acquaintance whose account has been hacked. Next: 5 top crypto scams to dodge in 2022: 7 / 8Investment scams/money game scams . Anything involving high returns with low risk should ring alarm bells. That’s more than people lost to any other scam, and more than double the loss reported in 2021. The scammer may spoof the number of the government agency they claim to be representing, in a Government Grant. ”. High oil prices have created a heightened interest in investments in energy-related business ventures. Deceptive prize draws and sweepstakes. For example, if your personal details (like name, phone, email, address, identity documents) have been leaked in a data breach. The crooks use self-directed IRAs in their scams, because that makes available a lot of additional investment money that otherwise would be locked away from them. Bhd. BAHAGIAN KEMAJUAN INDUSTRI KAYU-KAYAN, TEMBAKAU DAN KENAF (KTK) Kementerian Perusahaan Perladangan dan Komoditi (MPIC) Tingkat 5, Bangunan MPIC, Persiaran Perdana, Presint 2. If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at inquiries@bcsc. Ramai gila di Malaysia sebenar kaki scammer yang cari makan dengan jalan yang haram, hari ni aku hendak mendedahkan senarai nama syarikat / perniagaan scam yang telah disahkan oleh Bank Negara Malaysia: 1. They might tell you to take out a loan or cash in your 401(k) in order to obtain the funds to invest with them. has individual bast fiber of about 2. The Securities and Exchange Commission is urging the investing public not to put their hard earned money in easy, high-yielding investment scams with low investment costs and fake celebrity. If you help them, you could be what law enforcement calls a money mule. As Malaysia's largest private kenaf planter, the company ensures that. One scam stands out for its total unwillingness to cover its tracks. 2 days ago · A 71-year-old man living in California says he lost about $2. Puppy Scams. FinCEN’s Pig Butchering alert addresses “Pig butchering” scams. PELABURAN PTM4U. The scammers would instruct members to go to a website that they claimed was an online investment platform. 2. 9000 Crore. , fake online dating profiles) Romance scammers asking for money. . In any case, the money you 'invest' goes straight into the. notices before you authorize a transaction -- demonstrating your consent, and removing them from liability. Financial scams, including cryptocurrency schemes, cost consumers $3. 26 CONCLUSION The Malaysian government developed kenaf as an alternative crop to tobacco since 2005The biggest losses were to investment scams, including cryptocurrency schemes, which cost people more than $3. This was more than the $190. Kenaf Ventures Global Sdn Bhd (KVG) marks its entry at the Dubai 2020 to introduce kenaf at the international level and expand its network globally, says Chief Executive Officer Jazman Shahar Abdollah to Business Today. To check this, copy the email address and paste it into a word document, then change the font. The aim of this study is to quantify the carbon credit and monetary value of kenaf cultivation for producing fiber. About Kenaf Venture Global. Cy Smith, 53, a financial analyst from San Francisco, lost $1. 8 billion. To this end, the cybercriminal will impersonate Facebook, saying that someone may have logged into your account or your password has been reset or anything else that will instill a sense of. The median individual reported loss on investment related fraud originating on social media was $1,800 in 2021. 24. It’s hard to pinpoint the precise number of victims — scams are notoriously underreported — but nearly 70,000 people reported a romance scam to the Federal Trade Commission (FTC) in 2022, with $1. Pension scams will usually follow a similar path to investment scams, with contact normally being made by telephone. Personal Finance. 8 billion to fraud in 2021 — that’s 70% more than in 2020. 5 billion robocalls — a record — bombarded phones in the U. 4 million due to a fraudulent cryptocurrency investment. OTP Robot Scams. 8 billion, double the amount in 2021. PELABURAN AGR HOLDING. Shipping and handling is extra. “Everything was a lie,” said one woman lured into a recent scam. Many crypto scams begin with ads, posts, or messages on social media. When a deal seems lucrative or appealing, it may be tempting to make a decision right away, but this is where the trap usually comes in. If a gold seller promises returns that sound too good to be true, assume that they are. 2 million in a fast-moving cryptocurrency investment scam in 2021. In line with the Malaysia’s goal to make kenaf the country’s next upcoming commodity for export, we are proud to be the ones to spearhead the nation’s kenaf industry. This corresponds to a record year for cryptocurrency hacking , which cost crypto owners worldwide. (KVG), a leading private kenaf planter in Malaysia with kenaf plantation as well as a fibre and core processing line, has committed $100 million to a project in the Philippines that will provide 300 local jobs while also having a positive impact on society and the international community. The total amount cheated in investment scams from January to June this year was S$66. Published September 07, 2023. com is legit and safe to use and not a scam website. "It was going up, and up, and up," she said. ‘Nana’ lost more than S$64,000 to a pig-butchering scam - a mash-up of romance and investment schemes run by Asia-based online scam syndicates. 1. A new online scam involving LinkedIn is duping professionals into investing in cryptocurrencies, and then scammers steal their money. 1. As in previous years, many of the latest scams in 2023 are twists on existing scams, and the measures that have protected you for years can still apply. BERNAMAPix. July 31, 2021. 2. Kenaf Venture Global | 552 pengikut di LinkedIn. 0:00 / 1:52. You can also file a complaint or submit a tip anonymously using the BCSC’s online complaint form. The MoU was signed by KVG who was represented by the Co-Founder and Group President Azman Ahmad, while SIRIM was represented by. Be wary of high pressure sales tactics. The company’s founder, Barry Minkow, claimed that ZZZZ Best was the ‘General Motors of carpet cleaning’. Don’t be a statistic. Please take note that this list is not exhaustive and only serves as a guide to investors prior to making any investment decisions. Troy Gochenour, 50, of Columbus, Ohio. Job scams topped the list, with 3,573 cases reported and S$58. Bringing people together towards the next global sustainable commodity | Kenaf Venture Global (KVG) is among the largest kenaf planter and producer in Malaysia. More on this at Action Fraud. com a scam or legit? The trust rating is high. Robinson & Henry’s Civil Litigation Team will work to help you recover digital coin investment losses. Moreover, investment scams made up 37% of those losses, with 64% of the reports related to cryptocurrency. Alert on SMS Scam and Fake Website Involving BNM's Name. In any case, the money you 'invest' goes straight into. A so-called investment opportunity reportedly took the social media platform WeChat by storm — and stole millions from the Chinese community in the U. Advertisements. This is how we know your long-lost friend’s “business opportunity of the future” promising 20% per month is a scam. (KVG), a prominent private kenaf planter in Malaysia with a kenaf plantation as well as a fiber and core processing line, has put up a $100 million investment to a project in the Philippines that would provide 300 local workers with employment opportunities and also to have a constructive effect on society and the. Receive Investor Alerts and Bulletins by email or RSS feed. On Jan. 5 billion in losses. As mentioned previously, crypto bridge hacks are becoming more and more frequent. Report any scam targeting you to relevant authorities, change compromised passwords, and freeze any accounts if you’ve already transferred money. Their victims. 1. 25/MT depending on quality. Editor’s note: This is a guest post by Dominic Reisig, an associate professor of entomology at NC State. Let me know if I'm wrong. Macau Scam; 2. Just take a look under any of Musk’s tweets and you. PADANG BESAR: Sirim Bhd has signed a memorandum of understanding (MoU) with Kenaf Venture Global Sdn Bhd (KVG) to further strengthen the local kenaf market, in line with the government’s goal of making kenaf one of the key commodities in this country. This scam involved a much more developed social engineering operation, but followed the same pig butchering formula. If your adviser plans to hold and manage the money directly, this is a sign of a possible investment scam. It works like this: someone might call pretending to be from the government, law. Bhd. Crooks combine crypto scams with old-fashioned romance scams, posing as internet love interests so they can cajole their targets into downloading an app and investing in fake crypto. Ryan Inzana. But British police have faced. . Troy Gochenour, 50, of. Scamwatch estimates actual losses are higher, because many Australians don’t report their scam event. Rug pull scams. Telefon: 603-8892 1611 No. - Gambar fail. 3 billion to romance scams, [1] [2] more than any other FTC fraud category. Kenanga Investors has reported this matter to the relevant regulators and authorities for further investigation. 5 million in total losses. Troy Gochenour, 50, of Columbus, Ohio, was conned out of $25,800, including $15,800 in borrowed money, in a crypto-mining scam that began with a WhatsApp message from a beautiful stranger. But in January, Smith (we changed his name at. Also 200 MT of core for $595. Anda boleh download dan tengok senarai ini di. In most of these cases, the investment opportunities offered higher than normal, or true monetary, returns which often resulted in investors losing most, or all, of their money. In Nigeria, the crime has become a significant source of income for some, although section 419 of the Nigerian legal code. One of the most highly-publicized relief initiatives in the past year, to which scammers have flocked, has been President Biden’s student loan forgiveness program. He said DAKN 2021-2023 would be launched by the. The victim is usually told that he or she will earn a huge amount of money. How to spot it Warning signs are similar to those for investment scams. Auction fraud. Suite 1140. 62650 W. It comes after a real-life person, Charles Ponzi, an author of one of the. From January to October this year, police received 379 reports of online investment frauds involving HK$196. He is the first person in the country to be convicted of operating an illegal online investment scam, after the Securities Commission Malaysia’s (SC) investigations found that he had raised RM65 million from 52,000 investors in 2007 via the website Financial scams target people of all backgrounds, ages and income levels. Protect your hard earned money – learn more tips on investing wisely and avoiding fraud at Investor. Investment or ‘Get Rich Quick’ scams have been around for a long time and aren’t exclusive to the crypto space. Example – Investment scam using prominent economist’s name. KEPALA BATAS, July 20 — An eatery operator lost RM512,244 after falling victim to an investment scam here recently. (KVG) signed a Memorandum of Understanding (MoU) with the Chairman, UNDDR - Arise UAE and WUC Middle East Leader, Dr Mahmoud ElBurai, in the presence of KVG Group President, Mr. Be suspicious of unsolicited investment offers made online, on social media or over the phone. Investment scam victims lost $198. Rug pull scams involve investment scammers "pumping up" a new project, nonfungible token (NFT) or coin to get funding. 9. Another example is Bitcoin Savings and Trust, which was fined $40. You'll be asked to sign into your Forbes account. Ria (non-Walmart transfers) at 1-877-443-1399. (KVG), a leading private kenaf planter in Malaysia with kenaf plantation as well as a fibre and core processing line, has committed $100 million to a project in the Philippines that will provide 300 local jobs while also having a positive impact on society and the international community. To provide information on scams, call the police hotline 1800 255 0000, or. Over $1 billion has been reported stolen through crypto scams between January 2021 and June 2022, according to a report by the Federal Trade Commission. Block unwanted calls and text messages. A new type of investment scam was reported in April 2022, with scammers claiming to be from the Government of Singapore Investment Corporation (GIC) and offering seemingly profitable investment packages via Telegram. How To Avoid a Scam. By CORA LEWIS. Take steps to block unwanted calls and to filter unwanted text messages. Scammers use this tactic to get your money before you have time to properly research an investment. Honest organizations won’t call, email, or text to ask for your personal information, like your Social. According to filed fraud reports, fraudsters bilked $94. Here are some highlights from 2022: Investment scams were huge, with reported losses of $3. More information about online frauds and investment scams can be found at or Investor. Don’t give your personal or financial information in response to a request that you didn’t expect. Check if a website is a scam website or a legit website. That's right; Elon Musk's name alone is enough to draw people into scams of all kinds, and you'd be. Scam Cinta (Love Scam) 4. Fake job listings come in various forms. Bringing People Together Towards the Next Global Commodity Discover Our Business Discover Our Business Bringing People Together Towards Malaysia's Next Commodity Discover Our Business Discover Our Business Kenaf is globally recognised as a commodity for substantial potential, mainly for its various uses as an alternative to oil, packing materials and more. 2. These scams are designed to trick you into sharing the two-factor authentication codes sent from financial institutions or online companies. On February 25 and 26 of this year, according to Israeli police, Jami allegedly called the director of a French non-profit organization and told him that his help was urgently needed to free. Support to IAR&T, Ibadan for the establishment of kenaf demonstration plot in Oyo State. This scam involves automatic robocalls and texts. To this end, the cybercriminal will impersonate Facebook, saying that someone may have logged into your account or your password has been reset or anything else that will instill a sense of. Here are some steps you can take to protect yourself: Protect your wallet: To invest in cryptocurrency, you need a wallet with private keys. ”. Investment scams topped the list of total reported dollar losses, followed by romance scams. How To Avoid a Scam. The scammer gains the confidence and trust of the victim—through establishing an online relationship—and then claims to have knowledge of cryptocurrency investment or trading opportunities that will result in substantial profits. Kenaf Venture Global (KVG) is among the leading kenaf planters and producers in Malaysia. Bhd.