PETALING JAYA: Even smart, educated professionals fall prey to get-rich-quick schemes. Getting scammed has little to do with education or rational thinking as criminals capitalise on human emotion, Malaysian Mental Health Association deputy president and consultant psychiatrist Datuk Dr Andrew Mohanraj Chandrasekaran said. It makes them feel like they’re ‘smart enough’ to invest in a scheme that not many are privy to. “If they promise you a 20% return on your initial investment, they’ll pay to give you a ‘taste’ of the money,” Yap said. “In fact, by virtue of being more educated, one is more likely to fall for a complicated scam thinking that financial literacy will offer protection from dishonest schemes.

Source: The Star July 09, 2016 21:11 UTC