[EP93] BTH: MBI fraud, ponzi scheme, warning signs and Jho Low 2.0 [WATCH]
KUALA LUMPUR: In one of the most extensive crackdowns on financial fraud in recent Malaysian history, authorities have seized and frozen more than RM3.17 billion worth of assets linked to the defunct investment outfit Mobility Beyond Imagination (MBI).
Once marketed as a futuristic loyalty programme promising sky-high returns, MBI operated for over a decade as a global Ponzi scheme — ensnaring over 11 million investors, including many from neighbouring countries.
Tradeview Capital fund manager Neoh Jia Man joins Beyond the Headlines to help us decode the classic red flags of Ponzi schemes, the behavioural cues of fraudsters, and what investors can do to shield themselves from similar financial traps in future.
The episode tackled the larger implications of MBI's collapse—particularly the chilling ripple effects it could have on public confidence and market stability.
From "guaranteed returns" to shady referral structures and secretive business operations, he offered expert insights into due diligence, verification with regulators, and the importance of transparency in financial platforms.
Watch the latest episode of Beyond the Headlines on NST Online's YouTube channel.
* This episode was recorded on Apr 24.
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