Triangulation fraud: 94 reports in Kelantan
Police in Kelantan, Malaysia, have received 94 reports of triangulation fraud as of September 15, primarily involving online product sales. This scam involves criminals impersonating real sellers, taking payments from buyers, and leaving both the buyer and the legitimate seller at a loss.
Why it matters
This highlights a growing online scam tactic that defrauds individuals and businesses, emphasizing the need for public awareness and caution in online transactions to prevent financial losses and protect consumers.
KOTA BARU: Police have received 94 reports of triangulation fraud relating to the sales and purchase of online products as of Sept 15.
Kelantan police chief Datuk Mohd Yusoff Mamat said 75 reports involved buyers being victims while 19 involved sellers whose advertisements were used by criminals, with 66 investigation papers open and Tumpat with the highest number of reports at 35, followed by Kota Bharu with 22.
A triangulation fraud is when a criminal uses advertisement information of a real seller and deals with the buyer pretending to be the real seller.
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