The tycoon says this isn't the first time his name has been used without his knowledge to lend credibility to online investment schemes and scams.
Before you invest, pick your risk profile – do you want to play it safe but get low returns, or play it risky and get high returns?
Writer criticises those willing to lose their small investment, asking if they can afford losing this money, why then complain about high inflation.
They say 300,000 of these were locals while the rest were foreigners.
'Money game', get rich quick and forex schemes aren't allowed under the Direct Sales and Anti-Pyramid Scheme Act 1993, says Hamzah Zainuddin.
Securities Commission warns public of get-rich-quick schemes, especially those linked to foreign bonds which look legitimate.