A 36-year-old engineer lost over RM1.1 million after falling for a fake online investment scheme. According to Pahang police chief Datuk Seri Yahaya Othman, the victim began investing through a website on December 3 last year, making 19 transactions to seven different bank accounts using personal savings and borrowed funds.
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Engineer Scammed of Over RM1.1 Million in Online Investment Fraud
He only received RM15,032.53 before the platform’s administrator gave excuses to block the withdrawal of over RM4 million in supposed profits. Realising it was a scam, the victim filed a police report in Kuantan. Authorities are investigating the case as another instance of online financial fraud.
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