The Scam Economy: Why Malaysia Is Still a Paradise for Fraudsters If Malaysia ever decides to diversify its economy further, there is one booming industry that unfortunately requires very little government support: the scam industry. Yes, scams. The thriving, ever-evolving business model that somehow keeps growing despite endless awareness campaigns, bank warnings, police advisories, and relatives constantly shouting in WhatsApp groups: “JANGAN KENA TIPU!” And yet… people still get scammed. In fact, if scams were a stock market sector, it would probably be one of the most consistently profitable industries in the country. Why? Because scammers understand one simple truth: human greed and human stupidity are renewable resources. Some scams are so obvious they practically come with flashing warning lights. Messages promising instant wealth, miracle investments, secret cryptocurrency strategies, or a mysterious “Datuk investor” who will double your money overnight. And still, ...