Not your land: Jakarta Police spokesman Sr. Comr. Argo Yuwono (right) shows a fake land ownership certificate that was seized as evidence in a case of fraud at a press conference. Investment scams have continued to deceive victims despite warnings from authorities. (JP/Rafaela Chandra)The year 2020 has just begun and yet several fraud cases have already made headlines. This includes the seemingly endless wave of investment fraud of various forms and size. The massive MeMiles investment scam case, for example, was recently uncovered by the police, after its alleged mastermind amassed around Rp 750 billion (US$54.6 million) from hundreds of thousands of victims. Like in other investment scam cases, the victims were lured by unrealistically high returns for their investment. Such cases are not new to Indonesian people. In fact, every year, thousands of Indonesians fall victim to such scheme...
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January 16, 2020 at 01:37AM
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Why does investment fraud continue to occur? - Thu, January 16 2020 - Jakarta Post
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