Palm oil entrepreneur loses nearly RM250,000 to fake investment scheme
A 56-YEAR-OLD palm oil entrepreneur lost nearly RM250,000 after being duped by a syndicate behind a non-existent investment scheme promoted on social media. Tangkak district police chief Superintendent Roslan Mohd Talib said the woman was lured into ...
A 56-year-old palm oil entrepreneur has reportedly lost nearly RM250,000 to a fake investment scheme promoted on social media. The victim fell prey to a syndicate operating a non-existent investment known as Quantsea X after coming across an advertisement on TikTok. Superintendent Roslan Mohd Talib of the Tangkak district police confirmed the woman joined the scheme, making 18 separate transactions across three accounts amounting to RM245,403 from July 1 to August 22.
The victim realized she had been scammed when she did not receive the promised returns. She subsequently reported the incident to the Tangkak District Police Headquarters, and the investigation is being conducted under Section 420 of the Penal Code. The police advise the public against falling for offers of high returns within a short time frame.
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