Nicshare scam mastermind is Malaysian, says Bukit Aman (2024)
KUALA LUMPUR: Bukit Aman has confirmed that one of the two Malaysians caught by Thai police is the head of the Nicshare investment scam.
Federal Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said that the 42-year-old Malaysian arrested was the scam's mastermind.
"It can be said that the suspect in question is the mastermind who had been operating here and in Thailand. There have been 52 investigation papers opened here," he said at a press conference at the department's headquarters on Thursday (March 14).
"According to preliminary information that has been forwarded to me, it is believed that three more Malaysians were arrested at a call centre following the prior arrests. I have not received any confirmation of this just yet," he added.
According to Bernama, the 42-year-old suspect was arrested in Sadao, Songkhla in Thailand on March 6.
Thai police then cracked down on the syndicate, arresting nine people in total. It is believed that losses from this scam have been estimated to be around RM105.26mil.
Comm Ramli said that one of the suspects caught had three previous cases in his criminal record, including one under the Anti-Trafficking in Persons and Anti-Smuggling of Migrants Act (Atipsom) 2007.
"The CCID has also conducted our investigation into the Nicshare investment scheme. From September 2023 to March 12, 2024, we have received 70 police reports with losses of RM14,3777,066.14.
"The police are working together with our Thai counterparts in this investigation," he said.
Bukit Aman (officially Ibu Pejabat Polis Diraja Malaysia) is a metonym for a large area that serves as the Royal Malaysia Police headquarters and has several police complexes.
has confirmed that one of the two Malaysians caught by Thai police is the head of the Nicshare investment scam. Federal Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said that the 42-year-old Malaysian arrested was the scam's mastermind.
Is NicShare legit or a scam？ NicShare isn't governed by any regulatory authority, which raises concerns about its transparency and oversight. Unregulated exchanges lack the safeguards and legal protections provided by regulatory bodies.
Those who want to make a report can contact police CCID Scam Response Centre at 03-26101559 or 03-26101599. "They can also lodge a complaint directly to us at our website at https://aduan.skmm.gov.my or drop up an email at [email protected], or Whatsapp directly to us at 016-2206262."
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One way to check if a number is potentially a scam is to use a reverse phone number lookup service. These websites and apps allow you to enter a number and see public information associated with it, such as the registered name, location, and carrier.
The modus operandi is simple: they create a WhatsApp group with several of their accomplices and make you part of it. Some members may also be other gullible investors who would have been tricked into entering the group and be unwitting witnesses.
The victim was initially persuaded to invest Rs. 15 lakh 83 thousand through Roark Capital India, with promises of a remarkable 350% profit. However, after attempting to withdraw the alleged earnings, the victim was coerced into depositing an additional Rs.
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While there is a decent chance that KIEXO is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, Australia, Africa and the USA offering similar or even better trading conditions.
Introduction: My name is Kerri Lueilwitz, I am a courageous, gentle, quaint, thankful, outstanding, brave, vast person who loves writing and wants to share my knowledge and understanding with you.
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