RM1.15 Million Lost: Two Women Fall to Fake Profits and Fake Police
Two women in Penang saw more than RM1.15 million vanish within weeks after being ensnared by sophisticated investment scams.
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Abstract:CySEC alerts investors about four unlicensed investment firms operating without authorisation under Cyprus law.

The Cyprus Securities and Exchange Commission (CySEC) has issued a public warning against four investment firms found operating without proper authorization.
The firms identified by the regulator are icinvesting.com, nessfx.net, addsmarket.com, and ironvale.pro. According to CySEC, these entities are not licensed or regulated under Article 5 of Law 87(I)/2017, which governs the provision of investment services and activities in Cyprus.
CySEC emphasized that these websites do not belong to any company authorized to provide investment or ancillary services. The watchdog cautioned investors to remain vigilant and verify the legitimacy of firms before engaging in any financial transactions.
To help investors avoid fraudulent activity, CySEC recommends visiting its official website at www.cysec.gov.cy, where a register of licensed investment firms is regularly updated.
As the national financial regulator, CySEC oversees the capital markets and investment firms operating in Cyprus. Its mission is to protect investors, ensure market transparency, and uphold the integrity of the financial sector.

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Two women in Penang saw more than RM1.15 million vanish within weeks after being ensnared by sophisticated investment scams.

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