Bernard Madoff Of Malaysia (馬來西亞的馬多夫)

STAR OnLine News
Wednesday July 15, 2009
Woman cons VIPs and artistes of RM432mil
http://www.thestar.com.my/news/story.asp?file=/2009/7/15/nation/4317195&sec=nation

A WOMAN who is believed to have conned hundreds of VIPs and artistes of RM432mil is now on the police most-wanted list. Her victims include veteran rock singers Amy Search, Hattan and Awie, as well as Misha Omar and the wife of a Tan Sri who lost RM26 mil. Police believe Rohaniza Aladib, 31, has absconded to Australia. Her case as well as statements by several artistes who had fallen victim to her con-game was reported by Harian Metro. Hattan and Awie admitted to having been conned by the woman who always appeared “decent”. Their loss totalled almost RM2mil. Quoting a spokesman from the commercial crime unit in Bukit Aman, the tabloid said Rohaniza lured her victims to part with their money by promising them very high return of up to 50% of their investment within 30 days. As in any scams, her victims would receive the high return as promised on their initial investment, thus encouraging them to “invest” more, including using money collected from friends and family members. Hattan said he initially invested only RM50,000 but after receiving good returns, he increased his investment until it reached a total of RM1.4mil. Awie meanwhile said he lost RM50,000 to the woman who had promised him a return of 30% within 45 days.
===================================================================
Wow! What a job!

Isn't she qualified as Malaysia's Bernard Madoff with a big haul of RM432million?

She's better than Madoff in a sense that she operated as a non-legalised fund manager outfit whereas Madoff had built up his reputation over the years and had no criminal record before his fall.

On the reverse, she was an ex-convict and she managed to pull the biggest ever con job in the country single-handedly; who say we are short of creative and capable human resources? Only this time, it was for the wrong purpose.

Rohaniza Aladib simply sweet-talked her innocent investors parted their 'hard-earned' money for the unbelievable returns she promised. It shows how easy our Malaysian trusted each other.

The incident also reflects how well-off our Malaysian by the amount involved. Most of her victims are believed to be bumiputras by judging from just a few names mentioned in the press. She had conned hundreds of 'innocent' investors according to the press.

The fact that she could manage to con so many peoples shows that the saving interest rates from the legally approved institutions should be revised up to attract these rich investors, or government should issue bonds for them to invest. The higher interest rate from the bank should eliminate the breeding and growth of illegal schemes in the country.

I hope the 1Malaysia Fund will relieve the worry of those rich investors who are looking for a safer and better investment instrument in the country.