What is a “Get-Rich-Quick” scheme?
A plan which offers high or unrealistic rates of return for a small investment while at the same time promising that such investment is easy and risk -free. The following “Get-Rich-Quick” schemes are prohibited under the legislation administered by Bank Negara Malaysia : Illegal Deposit Taking Activities Illegal deposit taking is an act of receiving, taking or accepting of deposits (moneys, precious metal, precious stone, any other article etc.) from members of the public that promises a repayment with interest or returns in money or money’s worth without a valid licence under the Banking and Financial Institutions Act 1989 (BAFIA).
