I am elated to read the warning from Bank Negara Malaysia (BNM) that rogue investors in illegal financial schemes will be prosecuted as well as the arrangers of such scheme as reported recently.

Our taxpayer-funded regulatory and supervisory bodies have their hand full dealing with legitimate businesses shenanigans, they don’t need to babysit greedy and foolish people who get their fingers ( and pockets) burned after being swindled by conmen masquerading as business people.

I am sure these are the very people who complains about the 50 sen charge for transactions at an ATM but don’t mind losing thousands by being silly. Serves them right, I say.

If I were them, I would be too embarrassed to report the crime out of shame and embarrassment.

If I have a scheme that can get me 20 to 30 percent returns, I would no way share it with others, I will borrow or even beg from friends and family to invest in it myself, as it does not make sense for these scheme to claim humongous returns and still offer it to public.

Have you heard of any promoters listing their shares in stock exchange offering their allotment to friends and family? Of course not as they want to keep it to themselves.

I suggest when these ‘victims’ come to make police report of their ‘loss’, the police should immediately charge them with abetting an illegal scheme. That will put a stop this nonsense.