News Formal

Company manager loses more than RM400,000 to non-existent online scheme

  • 📰 staronline
  • ⏱ Reading Time:
  • 19 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 75%

Manager News

Non-Existent Online Scam,Hatta Che Din,CCID Scam Response Centre

Ever since Congress passed a bill that would force Chinese company ByteDance to sell or shut down TikTok, one of the biggest questions has been: Who could buy it, given technological, political and financial considerations?

SEREMBAN: A 51-year-old company manager has lost more than RM400,000 after he was lured into investing in a non-existent online scheme, says police.

ACP Mohamad Hatta said the victim transferred his savings into the given accounts totalling RM401,075 between March 21 and May 12, eventually learning it was a scam. He advised those planning to make online investments, especially schemes that offered unusually high returns, to check with the authorities such as the police or Bank Negara Malaysia before investing.

 

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 BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Company manager loses over RM200,000 to fish-breeding scamOnline fast-fashion retailer Shein must face the European Union’s strictest level of digital regulations, the bloc said on April 26 as it added the company to its list of big platforms that need extra scrutiny.
Source: staronline - 🏆 4. / 75 Read more »