Retiree loses RM80,000 after WhatsApp investment scam demands RM50,000 to release profits
A 63-YEAR-OLD retiree lost RM80,000 after falling for a WhatsApp investment scam that demanded another RM50,000 before releasing his promised profits. Kuala Terengganu police chief ACP Azli Mohd Noor said the victim realised he had been duped when he...
A 63-year-old retiree lost RM80,000 after falling victim to a WhatsApp investment scam that demanded a second RM50,000 payment to release promised profits. Police in Kuala Terengganu say the victim first invested RM93,525 from his retirement savings, receiving RM18,000 in returns on November 11. Encouraged by this, he made further investments the next day.
However, he never received any additional profits and was told his investment hadn't reached the RM100,000 threshold. The victim only realized he'd been scammed on November 12 when asked to make the extra RM50,000 payment. He reported the case to police at 6.20pm on Saturday, November 14, and the investigation is underway under Section 420 of the Penal Code for cheating.
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