{
  "id": 11651985,
  "title": "Doctor loses RM300,000 in fake student investment scheme",
  "url": "https://urgent.news/2026/10/03/doctor-loses-rm300-000-in-fake-student-investment-scheme",
  "topic": "world",
  "section": "World",
  "published": "2026-10-03T09:14:14.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/news/nation/2026/10/1546857/doctor-loses-rm300000-fake-student-investment-scheme"
  },
  "original_language": "en",
  "account": "A Malaysian woman lost RM300,000 in an investment scam linked to a fraudulent Kad Prihatin Siswa project, according to police in Ampang Jaya. The victim, 38, and her husband became involved with a male suspect in early 2023, dealing with him both in person and through WhatsApp conversations. The suspect presented the project as an investment opportunity involving 20 universities and approximately 620,000 students, promising high returns to investors. Over the course of 2023, the victim made five transactions totaling RM300,000 to a suspect-controlled bank account. An investment agreement was subsequently signed, guaranteeing a 10% monthly return for 12 months and the return of the victim's capital at the end of the investment period, along with a 10% share in the company. However, the victim has not received any promised profits or dividends. Despite repeated attempts to recover her money and obtain the stamped agreement, the suspect provided various excuses and failed to deliver. The victim subsequently reported the scam to the police. Ampang Jaya police are currently investigating the case under Section 420 of the Penal Code, which deals with cheating and dishonestly inducing the delivery of property. A conviction for this offense can result in a prison term ranging from 1 to 10 years, along with a fine and possibly corporal punishment.",
  "summary": "KUALA LUMPUR: A private medical practitioner lost RM300,000 after falling victim to an investment scam involving a non-existent Kad Prihatin Siswa project.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Vibes",
        "title": "Doctor duped out of RM300k in fictitious university student card investment scheme",
        "url": "https://urgent.news/2026/10/03/doctor-duped-out-of-rm300k-in-fictitious-university-student-card",
        "published": "2026-10-03T09:24:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}