Jakarta, CNBC Indonesia – The low level of financial literacy has made many Indonesians entangled in illegal investments or fraudulent investments. With the lure of high interest rates and ignorance of investments, trillions of rupiah of customer money just evaporate.
The Investment Alert Task Force noted that from 2011 to 2021 the total public loss due to fraudulent investments reached Rp 117.4 trillion. Many victims are ensnared because the perpetrators take advantage of the convenience of making applications, websites and offers through social media. Some perpetrators also use religious leaders, community leaders to celebrities.
The Investment Alert Task Force also noted several characteristics of illegal investments. Namely:
- Promising unreasonable profits in a short time
- Promising bonuses from recruiting new members “member get member”
- Utilizing community leaders/religious figures/public figures to attract investment
- Risk free claim
- Legality is unclear, starting from not having a business license, having an institutional license but not having a business license to having an institutional license and a business license but carrying out activities that are not in accordance with the permit.
The Investment Alert Task Force also discovered several of the same methods used by fraudulent investment actors to ensnare their victims. Here are some of them:
1. Unlicensed Equity Crowdfunding or Securities Crowdfunding activities
This mode is by connecting investors with companies or MSMEs that need funding. But in fact it did not happen even the funds were transferred to the perpetrator’s account. Examples: PT Share Bintang Teknologi, Invez.ID, and PT UrunModal DOT COM.
2. Offering shares with a money game scheme.
Its characteristics are that it offers investment packages with fixed returns, no time limit, uses a member get member scheme to offer referral bonuses if you invite other people. For example: PT CMI Futures and PT Nusa Profit.
3. Duplicate website or licensed company name
Perpetrators offer fraudulent investments on behalf of licensed companies, use the logos of authorized agencies and offer them through websites, SMS, Telegram to WhatsApp.
4. Unlicensed investment advisory activities
An example of this case is Jouska who advertises himself as a Financial Planner even though his license is for other educational service activities.
“Education efforts can be a preventive strategy so that people are not easily ensnared by fraudulent investment modes that promise unreasonable profits in a short time, lure bonuses to recruit participants, imitate or on behalf of official service providers to deceive the public, and provide risk-free claims. “said Irhamsah, Secretariat of the Investment Alert Task Force for the Financial Services Authority (OJK), as quoted from an official statement, Monday (11/8/2021).
“In addition, the public must also be careful in ensuring the credibility and legality of the investment service providers offered and do not be easily tempted because often these illegal service providers use public figures as part of their promotion,” he added.
To support the government’s commitment to breaking the chain of public losses by eradicating illegal financial services, OJK continues to urge people who encounter fraudulent investment service providers to immediately report to the Investment Alert Task Force complaint service, and require all unregistered companies to obtain permission from the agency or authority. related.
(roy/roy)
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