Avoid Investing In Iraqi Dinar Scheme Warning 
KUALA LUMPUR, Dec 20 (Bernama) -- The Malaysian
Islamic Consumers Association Tuesday cautioned the
public against a suspicious Iraqi dinar investment
scheme, saying they could end up losers.

The association's project director, Noor Nirwandy Mat
Noordin, said the scheme might be illegal and hoped
that the public would not be duped by its attractive
returns.

"Malaysians' excitement over fast and attractive
returns has been a worrying phenomenon. The excitement
over illegal investment schemes like the Swiss cash
can backfire and they can be burnt," he said in a
statement released here.

Noor Nirwandy said the Iraqi dinar investment plan
operates on a pyramid scheme concept where investors
are promised a return on investments of up to
RM243,375 in one month.

As such, those who have information on such a scheme
are requested to contact the association's hotline at
019-3591000 or its website at
www.muslimconsumer.org.my, or to inform the central
bank, he said.

-- BERNAMA

http://www.bernama.com.my/bernama/v3/news.php?id=237476


     
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