SCAM ALERT – 23 June 2025 Fraudulent Facebook page misusing Dr. Tan Chong Koay’s photo and pronunciation of Dr. Tan’s name in another Chinese dialect – falsely promoting “Resilient Investment in Gold” to deceive the public

Pheim Asset Management Sdn Bhd, Pheim Islamic Asset Management Sdn Bhd, and Pheim Unit Trusts Berhad (collectively known as “Pheim”) have been alerted to a scam circulating on Facebook and/or other social media platforms. The scam involves the misuse of Dr. Tan Chong Koay’s photo and name (in another Chinese dialect) — the Founder, Group Executive Chairman, and Chief Strategist of Pheim, a reputable fund manager with over 40 years of proven track record in the investment industry.

The scam falsely claims that Dr. Tan is offering gold investment recommendations, using fake Facebook pages, misleading advertisements, and unauthorized communication channels.

Pheim confirms that Dr. Tan Chong Koay does not provide any personal stock tips, investment advice, or endorse any investment schemes via social media or WhatsApp. Pheim has no association with these fraudulent activities, and the public is strongly advised to stay vigilant.

Members of the public are reminded to be cautious with unsolicited investment offers, especially those promising high or quick returns. Do not share personal information, do not make payments, and report any suspicious activities to the relevant authorities. Pheim has lodged reports to the authorities regarding this matter.