A retired female teacher lost RM570,000 of her savings and pension to a gold trading investment company. Kuala Terengganu district police chief ACP Azli Mohd Noor stated that on Dec 29, 2021, the 59-year-old victim joined a cooperative known for charitable work.
Gold Trading Investment Scam Costs Retired Teacher RM570,000
She was offered high-return gold trading investments managed by the cooperative’s subsidiary. Between December 2021 and July 2022, she transferred RM620,000 but only received RM50,000 in profits.
Realizing the deception, she lodged a police report. The case is under investigation, and the public is advised to be cautious with high-return investments.
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