Penang woman loses over RM500,000 to investment scam

KEPALA BATAS, July 20 — An eatery operator lost RM512,244 after falling victim to an investment scam here recently.

“The victim said she saw an investment-linked advertisement on ‘value investing’ on Facebook on May 22 and before contacting the investment agent via the WhatsApp application. He said the woman then opened an investment account through the website htttp:/plus.com/#/resgristeragentcode697875. He said the woman also claimed that the investment she joined generated a profit totalling RM400,000 through the transactions shown in her investment account but could not withdraw the profit or the capital.

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