Retiree loses RM42,580 to fake ustaz’s RM300k money-doubling scam

A 71-year-old retiree in Kuala Terengganu has lost RM42,580 to a money-doubling scam that was promoted on Facebook by a man posing as an ustaz (Islamic religious teacher). The woman initially came across an advertisement on October 7 promising a return of RM300,000 and responded by leaving her mobile phone number in the comments section.

She was then contacted by the suspect, who instructed her to contact another individual, who claimed to be his religious teacher, to join the scheme. The woman complied and transferred a total of RM42,580 into four bank accounts provided by the suspects, but did not receive the promised returns. She eventually realized she had been cheated and refused to transfer an additional RM50,000, at which point she reported the incident to the police.

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