Telegram Chat Group 'Lite Finance FX' is Promoting Fraudulent Investment Scheme

Earning extra income through investments is a goal shared by many. However, when exploring investment opportunities, encountering a fraudulent scheme can be devastating. Not only does the investor miss out on potential earnings, but also risks losing the hard-earned savings. On Telegram, there is a chat group called “Lite Finance Forex Exchange” (Lite Finance FX) that promotes false investment schemes to Malaysian investors, resulting in innocent investors losing money to fraudsters.

Recently, a Malaysian investor told us about this Telegram chat group called "Lite Finance Forex Exchange" (Lite Finance FX). The so-called investment program recommended by the group's administrator was actually a scam.

The investor said that he discovered the group based on a friend’s recommendation.

The scammer asserted that Lite Finance FX was “100% safe” and that it offered an easy path to quick profits. Suspected associates of the scammer reinforced this claim by sending photos of themselves conducting money transfers in front of an ATM, further enhancing their credibility.

The administrators claimed unbelievably high returns.

The unsuspecting victim sought to earn extra income, unaware that the scammer harbored no intention of allowing any withdrawals from the outset of their fraudulent investment scheme. The investor’s funds were never actually traded in financial markets. Consequently, the victim not only failed to profit but also fell prey to the scam, losing RM11,000.

Regardless of whether an investment scheme is recommended by friends and relatives or endorsed by celebrities, its legality and reliability depend not on who recommends it, but rather on the program itself and whether the firms behind it are authorized and supervised by the financial regulator.

The absence of regulatory registration leaves the investor’s funds in the scheme without legal protection, often serving as the initial sign of an investment scam.