Fintoch securities fraud warning from Malaysia

Fintoch has received a securities fraud warning from Malaysia.

On June 8th, the Malaysia Securities Commission
added Fintoch to its Investor Alert List
.

SC added two Fintoch websites to its list, Fintoch’s website and “fintochonline.com”.

Fintoch Online features social media links belonging to Shaikh Amin, a serial Ponzi promoter from Goa, India.

In adding Fintoch to its Investor Alert List, SC noted Fintoch was

holding out as operating a recognized market without authorisation from the SC.

This is the equivalent of a securities fraud warning in other jurisdictions.

Fintoch
was a Boris CEO Ponzi scheme that primarily targeted Asia.

On May 26th Fintoch
disabled withdrawals and collapsed
. The exit-scam completed on June 23rd, with Fintoch disabling its website.

On May 26th, the same day Fintoch disabled withdrawals, Shaikh Amin claimed anyone who believed Fintoch had collapsed was a “stupid person”.

In addition to Malaysia, authorities in Singapore issued a
Fintoch securities fraud warning
 on May 4th.

Fintoch is believed to have been run by Chinese scammers hiding out in either Singapore or Hong Kong.

Update 18th August 2023 – 
Fintoch is trying to reboot as
Standard Cross Finance
.

🤖 Quick Answer

What is the Fintoch securities fraud warning from Malaysia?

When did Fintoch collapse?
Fintoch disabled withdrawals on May 26th and completed its exit scam on June 23rd by disabling its website entirely. The scheme primarily targeted Asian investors through fraudulent investment operations.

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