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Fake endorsements used in investment scams: OJK
Investment scams have faked the endorsement of public figures to lure the public, the Financial Service Authority (OJK) has said.
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Financial Service Authority (OJK) deputy director of investigation policy I Ketut Widiana gives remarks at a workshop for journalists on preventing bogus investments in Makassar, South Sulawesi, on May 26.
(tribunnews.com/Sakinah Sudin)
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nvestment scams have faked the endorsement of public figures to lure the public, the Financial Service Authority (OJK) has said.
OJK chairman Muliaman Hadad said the fake endorsements of artists and army retirees were often used to sell bogus investments.
"The illegal investment companies took photos of the public figures while they were attending an event," he said in Jakarta on Tuesday, warning other pubic figures of the practice.
Usually, he continued, the companies did not have a formal agreement with the public figures regarding their involvement in the activities. However, the public figures usually kept quiet regarding the practice as they were embarrassed of being tied to a bogus investment.
"I know some high-level army retirees who also being fooled by bogus investment companies. However they have kept it a secret," said Attorney General Prasetyo.
Year-to-date, there are 430 public files about illegal investment at the OJK. Most of the companies reported do not have clear legal standing. (ags)
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