Please note – Jeffrey Cheah and the Sunway Group are not giving away free books on stock investing, to help new investors!
Find out what’s going on, and warn your family and friends!
Jeffrey Cheah + Sunway Free Books Scam Alert!
Scammers are running Facebook advertisements that claim that Tan Sri Dr Jeffrey Cheah and/or the Sunway Group are giving away free books on stock investing, to help new investors!
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Jeffrey Cheah / Sunway Free Books Scam : What You Need To Know!
This Jeffrey Cheah / Sunway free book scam is being promoted heavily on Facebook in May and June 2023, so please alert your family and friend!
Fact #1 : Sunway Group Reported These Pages / Ads As Fake
The Sunway Group is aware of these fake advertisements being run by scam Facebook pages, posting this scam alert:
Fact #2 : Sunway Group Is A Business, Not A Charity
Please do NOT be naive. The Sunway Group (Sunway Berhad) is a public listed company, whose focus is to make money, not a charity to give you free books!
Fact #3 : Giveaways Were Not Posted In Official Website / FB Page
If the Sunway Group was really giving away free books, it would have posted the offer on:
- its official website (Sunway.com.my), or
- its official Facebook page (https://www.facebook.com/SunwayGroupOfficial/)
These scams are being run off fake Facebook pages that are brand new, and have nothing to do with Tan Sri Dr. Jeffrey Cheah, or the real Sunway Group.
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Fact #4 : Sunway Group Does Not Use WhatsApp To Communicate
The Sunway Group offers a multitude of contact options by online forms, email or telephone number. What it does not have is a WhatsApp account. So when scammers message you to collect your “free books” by messaging a WhatsApp number, be warned!
The Sunway Group will also not ask you to join a WhatsApp group for any reason, whether it’s for investment advice, stock tips, or to buy and sell stocks, etc.
Fact #5 : Scammers Will Try To Scare You
Scammers will try to scare you into contacting them, by telling you that stock is running out. Just ignore them!
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Fact #6 : One Victim Lost RM480K To A Free Book Scam!
In November 2022, a 60 year-old housewife from Port Dickson fell for a similar “free book” scam, and lost almost RM480,000.
After being offered the free book on Facebook, she was asked to join a WhatsApp group called Family Discussion, where she was asked to convinced to “invest”.
The WhatsApp group administrator instructed her to download an application called Forza, and open a savings account. She was then asked to deposit money into certain bank accounts, and upload the slips using that Forza app as proof.
The lady withdrew her savings and borrowed from her children and friends to invest RM476,100. However, when she wanted to withdraw the interest paid by the company, her account was blocked. The group administrator told her that she would need to deposit an additional RM427,200 to withdraw the interest.
That was when the lady realised she had been scammed, and lodged a police report.
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