<![CDATA[he phenomenon of fraudulent investment (investment scams) is a form of crime that continues to develop along with technological advancements. Initially, investment fraud was carried out conventionally through direct interaction, but today it has increasingly shifted to digital platforms by utilizing the internet and information technology. Illegal activities related to fraudulent investment are a manifestation of the misuse of internet-based technology and constitute criminal acts that violate legal norms and regulations in Indonesia. This study employs a normative legal research method aimed at examining how fraudulent investment crimes are regulated under Indonesian law and identifying the factors that contribute to the persistence of investment scams despite the existence of criminal provisions governing them. Based on the research findings, it can be concluded that fraudulent investment crimes are regulated in several legal instruments, including the Criminal Code (KUHP), the new Criminal Code, and the Law on Electronic Information and Transactions (ITE Law), particularly in relation to provisions concerning fraud and the dissemination of misleading electronic information. Furthermore, the continued prevalence of investment scams, despite the enforcement of existing laws, is influenced by four main factors, namely legal factors, law enforcement and infrastructure factors, community factors, and cultural factors]]>
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