BFM 89.9

HIGHLIGHTS 
Podcast  >  Enterprise  >  Enterprise Explores  >  Scam Spotting and Avoiding: Tips and Trends From a Fraud Expert

Scam Spotting and Avoiding: Tips and Trends From a Fraud Expert

Raymon Ram, Certified Fraud Examiner and Anti-Money Laundering Specialist, Graymatter Forensic Advisory

12-Jun-24 12:00

Scam Spotting and Avoiding: Tips and Trends From a Fraud Expert

33,000 Malaysians lost RM1.3 billion lost to scams last year, and that’s only the number that was reported. With estimated that only 48% of cases are reported, Malaysians could have lost around RM2.6 billion last year (if we extrapolate).

Scams are back in the news following news last week that a senior citizen lost over RM4 million to an investment scam. We also saw two of national badminton stars share their own experiences of falling victim to investment scams, losing millions of their hard-earned savings. This highlights a continued and growing concern in Malaysia, with the National Scam Response Centre reporting losses totaling RM1.3 billion from 33,234 scam cases between January and December last year.

With this in mind, Enterprise Explores how to spot and avoid scams, as well as the rising trends in the world of scams with Raymon Ram, Certified Fraud Examiner and Anti-Money Laundering Specialist from Graymatter Forensic Advisory. Raymon will help us understand the tactics scammers use and how we can protect ourselves.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  managingfinancial wellness

Tags:  fraudinvestment scam syndicatescam tacticsfinancial knowledge





Play / Pause

Listen now : Discovery Hour:

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Dilin Wu, Research Strategist, Pepperstone tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Catherine Lim, senior analyst from Bloomberg Intelligence on shifting Chinese consumer spending habits.

7:45 AM

Morning Brief

Nigel Wong, President of MATTA, weighs in on the tourism outlook following the SST revision.

8:00 AM

The Breakfast Grille

Freddy Wong, Executive Director, Wentel Engineering Holdings Bhd discusses its business operations, listing exercise and more.

8:30 AM

Morning Brief

Dr. Ferooze Ali of Sultan Zainal Abidin University weighs in on efforts for a 60-day Gaza truce after nearly two years of war.

8:45 AM

Morning Brief

Professor Dr. Joanne Lim of the University of Nottingham Malaysia shares her insights as Malaysia rolls out its Guidelines for Responsible AI Communication.

9:00 AM

Opening Bell

(REPEAT) Dilin Wu, Research Strategist, Pepperstone tells us where international markets are heading.

9:15 AM

Opening Bell

Catherine Lim, senior analyst from Bloomberg Intelligence on shifting Chinese consumer spending habits.

9:35 AM

The Property Show

Cha-ly Koh, CEO of Urbanmetry, discusses how to design a walkable city and prioritise public transport under the KL Local Plan 2040.

10:05 AM

Open For Business

LeapIn's founder Sara Zhu explains how their AI video analysis platform is revolutionizing hiring with a focus on skills, not CVs, boasting 100% enterprise client retention.

11:00 AM

The Workplace

Vaclav Koranda, CEO of Jebat Consulting on why economic justice must go beyond pay gaps and how leaders can embed equity into workplace structures for lasting impact.

12:00 PM

Enterprise Explores

Wan Agyl Wan Hassan, Founder of My Mobility Vision, discusses balancing EV infrastructure rollout with urban parking needs.

1:00 PM

The Breakfast Grille Repeat

Freddy Wong, Executive Director, Wentel Engineering Holdings Bhd discusses its business operations, listing exercise and more.

2:05 PM

Discovery Hour

3:05 PM

Earth Matters

From mudflats to endangered seahorses and climate action, Journalist Vincent Tan and scientistWong Jieyi (Save Our Seahorses) discuss the Merambong seagrass meadow, and how seahorses drive conservation, public participation, and sustainable development.

4:05 PM

Health & Living

Is there really a ‘fertility crisis’? We explore why people are choosing to not have more children and how it is linked to access to health.

5:00 PM

Top 5 at 5

6:00 PM

Good Things

This week on Good Things, we hear from Cikgu Rahayu about the fight to protect stateless children—and how Yayasan Chow Kit is helping them find a place to call home.

7:00 PM

Made in Malaysia

We unpack the cultural significance and unique health benefits of indigenous Sarawakian fruits.

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my