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Ammie
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1 month ago

in Top 17 Scams in Malaysia on Meshio.com - a Malaysia personal finance blog

A very informative write-ups about MLM & Scams! No matter how old news, these scams/MLMs highlighted above are still spreading like wildfire in small towns e.g. Melaka, Kluang, Ipoh etc.

I've personally been tricked into Visiber, the number pendant. Cost me over RM800 plus RM50 for registration as member for their most entry-level 'one number' pendant! It's just a stone and some enamel. Many of my friends bought over RM8000 for one ring with numbers and diamonds, at least that's what the company claims to be! All their products are useless. The owner of this company is so damn rich now after conning so many LADIES to buy their so-called life changing products! You gotta see how these bosses' wives spend their money in boutiques!

In fact, my sis just showed me a brochure by MXM (MGM) last week, and told me how the salesperson persuaded her to buy the insurance package from the company. As far as I know, insurance agents need to have a license to sell insurance products, but this sales person is not an insurance agent, but he is selling the insurance package from MXM, like a direct sales. This makes me suspicious, although their brochure looks 'professional'. And I read from the Low Yet thread that the owner of this company is the same owner of Pathlab, Marcos Pizza, Kings Crab Chinese Restaurant at Kelana Jaya!!! Luckily, I've never step into these establishments before.

Also, my aunt in Kluang got approached with the Island Red Cafe scam early this year. Obviously it's a huge scam trying to get money out of these poor old ladies and old mens' retirement money in small towns. If i'm not mistaken, you need to pay up few thousands ringgit to be their members and shareholders, then u get a member card so that you won't have to pay full price when dining at their cafe. The weird thing is I don't see any Red Island Cafe around town. So pls beware people! Don't get scam by these companies!