The Justice Department is making a push to disrupt the schemes, which use social media to find buyers for risky stocks.

A 55-year-old retiree in Perai, Penang, has lost RM827,120 to an investment scam promising quick returns. Penang police chief ...

A sales manager of a factory in Nilai near here lost RM389,000 to an online investment scam on Facebook recently. Nilai ...

Messages that Shreya Datta, a tech professional who was a victim of an online scam known as “pig butchering,” exchanged with ...

Senn says it’s very difficult to recover money in most pig butchering cases as the fraudster usually pulls the money out in cash immediately, so time is of the essence. If you feel you may have fallen ...

Scammers are currently capitalizing on investors' emotions with fraudulent Facebook ads to lure users into handing over large ...

In separate incidents, online `women friends’ cheated two city residents by persuading them to invest money in bogus schemes, police said on Friday. In the first case, a 29-year-old manager with a ...

Michigan AG Dana Nessel, joined by 42 attorneys general, urges Meta to tackle investment scams on its platforms.

Scams on Facebook and WhatsApp luring users into fake investment schemes are on the rise, according to Michigan Attorney General Dana Nessel. “These scams spreading across ...

Bipartisan coalition of 42 state attorneys general sent a letter to Meta demanding immediate action against investment scam ...

Attorney General Dave Sunday, along with a bipartisan coalition of 42 Attorneys General, has sent a letter to Meta Platforms, ...