Security Commission Is Blocking Access to Get Rich Quick Websites
Posted on 7th June, 2007
According to an article published in The Star Online recently, Malaysia’s Securities Commission (SC) is going to block access to illegal investment schemes operated by some 60 websites after it received 720 complaints and queries.
However no mention on how this will be done and who are they going to work with (MCMC & Telekom?) in order to achieve the objective of preventing access to those websites.
Whether this measure will also block those who try to bypass the restriction by surfing via anonymous proxy will remain to be seen.
Check out SC’s alert list to find the list of websites which are not authorised nor approved under the local securities laws
This is an unwelcome development for those get rich schemes investors. But you still have time to act accordingly as the SC’s exercise to block the website will begin on June 11 2007.
The commission, in a statement on Thursday, advised investors in such schemes to withdraw their investments and terminate their accounts immediately.
I know some of my readers are investing in Swiss Cash, one of the most popular get rich quick schemes in Malaysia. The cheerleaders will continue their support and turn a blind eye to all the warning signs that hinted the impending collapse of the scheme. By then, it’ll be too late to do anything.
UDPATE: The SC is joining forces with the Malaysian Communications and Multimedia Commission (MCMC) and CyberSecurity Malaysia to track, identify and block access to local and foreign websites promoting illegal investment schemes.