After pocketing early returns, retiree sinks more savings into WhatsApp investment trap
KUALA TERENGGANU, Nov 15 — A 63-year-old retiree lost RM80,000 after falling victim to a non-existent online inves...
A 63-year-old retiree in Kuala Terengganu has lost RM80,000 after falling for a fictitious online investment scheme that circulated via WhatsApp. The victim's acquaintance introduced them to the scheme earlier this month, promising significant returns in a short time frame. According to Kuala Terengganu police chief ACP Azli Mohd Noor, the retiree began by investing RM93,525 from their retirement funds and were rewarded with a RM18,000 return on November 11.
Motivated by this profit, the victim proceeded to make three additional transactions of RM80,000 on November 12. However, they received no further returns and were told their investment had not yet reached the RM100,000 mark. When confronted with a request for an extra RM50,000 to unlock the promised profits, the victim realized they had been scammed.
They reported the incident to the police at 6:20pm the same day, and the case is currently under investigation under Section 420 of the Penal Code.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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