Understanding the Vulnerabilities Contributing to Investor Victimization in Scams

• Published in: Pakistan Journal of Criminology
• Main Author: Zin N.M.; Muda S.; Kasim E.S.; Ismail N.; Padil H.M.; Ramli R.
• Format: Article
• Language: English
• Published: Pakistan Society of Criminology 2024
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85196081948&doi=10.62271%2fpjc.16.3.1053.1072&partnerID=40&md5=162d8118575548763e7c01fc52457be1

Investment scams pose significant threats to individuals and the economy of Malaysia, exploiting psychological vulnerabilities and technological advancements to deceive unsuspecting investors. This study investigates the multifaceted factors driving the occurrence of investment scams in Malaysia. Drawing on interviews with officers from the Royal Malaysia Police, this research provides valuable insights into the dynamics of investment scams. Through meticulous analysis, the study identifies key factors contributing to the proliferation of scams, including the allure of quick wealth, digital technology's influence, demographic, financial literacy gaps, and regulatory inadequacies. By comprehensively examining these factors, the study aims to deepen understanding and propose targeted interventions for effectively combating investment scams and safeguarding potential victims. © 2024, Pakistan Society of Criminology. All rights reserved.