South China Morning Post • 4/23/2026

Hundreds of victims have reportedly lost their savings after an alleged Malaysian scammer vanished with approximately US$25 billion. For over three years, participants experienced steady gains and smooth withdrawals, leading many to invest more of their savings into the scheme, which promised returns of up to 5 percent every fortnight. The scheme ultimately collapsed, swindling victims globally out of close to 100 billion ringgit.
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