Carpenter loses life savings in investment scam

  • 📰 staronline
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

JOHOR BARU: A 49-year-old carpenter lost his life savings in the blink of an eye after falling prey to an investment scam here.

Sher Mun Keong said he was caught in the mess after befriending a woman on Facebook who claimed to be a beautician working in Kuala Lumpur."After talking for about two months, she asked me to help her 'look after' her investment through an application, which I later found out was fake. She said she was too busy to update it regularly and told me to manage it for her.

"I had lost my job as a carpenter in Singapore a year ago due to the pandemic and have since been taking up part-time carpentry jobs wherever available. I thought that the investment will help me earn some extra income."She later made an investment account for me and told me to deposit money into her bank account for her to help kick-start my investment journey," he said.

"They convinced me not to take out the returns from the investments, as this will allow me to get more money. "The agent told me that I have to pay US$20,000 for 'government tax' first before I can take out the money. "Many people are looking for an easy way to earn money after having financial difficulties due to the pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines