Yesterday, The Star Malaysia published that a Canadian land investment scheme has collapsed, leaving investors with nothing for their investments. Canadian Company Edgeworth Properties is said to have collected RM 76.5 mil from investors in Malaysia. Among the 60 investors are a 60 year old breast cancer survivor who invested RM 85k and a father who invested RM 100k hoping to make enough returns to fund his childrens’ education. Now their investments have disappeared, together with their dreams.
Looking at the history of dealings with scams in Malaysia, I doubt that any of these investors will be able to get any of them back. Chances are the scammers will walk free as well, I hardly see any of the investment scam directors get prosecuted. Why is that people continue to get cheated by such schemes?
Lack of Information or Plain Laziness?
The first cause would probably be lack of …