Johor cops: Man swindled out of RM124,000 in social media investment scam that promised RM9m profit

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Johor Police Nouvelles

PDRM,Investment Scams

JOHOR BAHRU, Oct 4 — A man claimed to have lost RM124,000 after being deceived into investing in a non-existent investment scheme advertised on social media. Kota Tinggi...

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Kota Tinggi district police chief Supt Yusof Othman said the 47-year-old victim, who is a local, lodged a police report yesterday. “The victim claimed to have made a profit from an initial investment of RM55,000 and was told to increase the investment to RM124,000 for more profits,” he said in a statement today.

 

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