Housewife loses over RM100,000 in cheap gold investment scheme

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KUALA TERENGGANU: A housewife lost RM125,491 after falling victim to a cheap gold investment scheme. Terengganu police chief Datuk Mohd Khairi Khairud...

Terengganu police chief Datuk Mohd Khairi Khairudin said the 30-year-old victim from Kuala Terengganu began investing in the Sarah Gold Enterprise cheap gold package in August 2021 after being introduced to it by her sister-in-law.

“Initially, the transactions went smoothly. However, starting September last year, the victim no longer received the gold purchased by customers or the profit payments meant for distribution to agents under her. Mohd Khairi said the victim decided to lodge a police report after receiving only RM2,500 to be distributed to agents up until Dec 31 last year.

 

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