ladybird

Tuesday, December 15, 2009

Ah Longs ‘book’ customers on Facebook

Below is the link for the article:
http://thestar.com.my/news/story.asp?sec=nation&file=%2F2009%2F12%2F15%2Fnation%2F5300911

Summary:
LOAN sharks sourcing for potential customers through Facebook. Loan sharks had appointed middlemen who would trawl the social networking site for customers. Deputy Inspector-General of Police saying that the loan sharks seemed to be very good at identifying people who had failed to obtain loans through legal channels. They will then get in touch with them through Facebook and convince them to take a loan. Everytime the authority successfully trace the account, it is closed down and a new account is registered. Police were currently waiting for the right time to take action after successfully identifying a few groups that had set up new accounts.

Comment:
Loan sharks are actually doing business by making loans to others illegally with higher interest, but the way they implement it through facebook seems to be too advanced with the attractive interface and to attract more customers, in this way, people will think that it is an legal activity that carried out. Besides, I think the authority should straight away terminate the facebook account where they can trace the email account as well so that it will totally stop all the interaction between them and their clients.

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