Water filter salesman loses over RM218,000 in Facebook crypto investment scam
KUANTAN: A 65-year-old water filter salesman lost RM218,239 in savings after being duped by a bogus online cryptocurrency investment scheme in July.
A 65-year-old Malaysian man lost RM218,239 in a cryptocurrency investment scam after being lured by a Facebook advertisement, according to police in Pahang. The victim clicked on the suspicious ad and was subsequently added to a WhatsApp group where he was promised lucrative returns. He made 53 transactions totaling the amount through various accounts.
On August 20, he learned his digital account had been frozen and he had to pay an additional RM30,000 to unfreeze it. Police Chief Datuk Azry Akmar Ayob stated that the victim was advised to check his bank account numbers online before making any transactions. The case is being investigated under Section 420 of the Penal Code, which includes penalties of imprisonment and a fine.
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