A 34-year-old private sector employee has suffered financial losses amounting to more than RM450,000 to a non-existent stock investment syndicate after being enticed by a Facebook advertisement that promised significant financial returns.
Image credit: TMRgraphic
According to Segamat District Police Chief Superintendent Ahmad Zamry Marinsah, the victim was persuaded to engage the scheme after contacting a woman who instructed her to download an application to learn more about investment opportunity.
Multiple investment transactions before scam discovery
Believing the offer to be genuine, the victim made 15 separate money transfers amounting to RM450,750 into eight different bank accounts between August 1 and September 30.
“Despite her repeated transactions, the victim did not receive any of the promised returns. Upon realizing that she had been deceived, she lodged a police report at the Segamat District Police Headquarters,” he stated.
Police investigation and public advisory
Superintendent Ahmad Zamry confirmed that investigations are ongoing under Section 420 of the Penal Code for cheating.
The police have once again reminded the public to remain alert to the growing number of commercial crimes involving fraudulent investments.
They emphasized the importance of verifying investment legitimacy and being wary of offers that guarantee unusually high returns.
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