A 40-year-old lecturer was cheated of RM914,758 after being lured into a fake stock trading investment advertised on social media
JASIN: A lecturer lost RM914,758 after falling victim to a fraudulent online investment scheme promoted on social media.
Jasin police chief Superintendent Lee Robert said the 40-year-old married woman became interested in a stock trading offer she saw online on July 28.
She contacted the suspect via WhatsApp and was enticed by promises of profits within two to five minutes.
“The victim was instructed to download an application using a link provided by the suspect for registration,” Lee said in a statement.
Between September 1 and October 18, the victim made 20 transactions into nine different bank accounts using her savings, bank loans and money borrowed from family.
She was later told to pay an additional RM20,000 as a quarterly fee before withdrawing her supposed profits.
The victim realised she had been scammed and filed a police report at the Jasin Police Station on November 23.
Police are now scrutinising all bank accounts involved in the case.
The investigation is being conducted under Section 420 of the Penal Code for cheating.
Lee urged the public to remain vigilant and conduct proper checks before joining any investment scheme.
“The use of personal bank accounts to receive investment funds is one of the early warning signs that the scheme is suspicious,” he said.
He advised verifying dubious phone numbers, bank accounts or company names via the semakmule.rmp.gov.my portal before making transactions.
Victims should call the National Scam Response Centre at 997 within 24 hours to improve chances of blocking fund transfers. – Bernama
