Johor retiree ends up RM655,000 poorer after being duped in non-existent investment scam online

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Non-Existent Investment Scam News

Retiree Duped,Investment Scam,Police

JOHOR BARU, Aug 7 — A retiree claims to have lost over RM650,000 after falling victim to a non-existent online investment scheme on June 26. Johor Baru Utara District police...

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Review order on maternity leave for civil servants, MMA tells JPA, citing concern over ‘double standard’ between public, private sectorsJohor Baru Utara District police chief ACP Balveer Singh Mahindar Singh said the 73-year-old man received a link from an individual named ‘Tan Teng Boo’ who promised a 90 per cent return on the invested capital. — AFP picJOHOR BARU, Aug 7 — A retiree claims to have lost over RM650,000 after falling victim to a non-existent online investment scheme on June 26.

Attracted by the offer, the senior citizen agreed to invest and subsequently made nine transfers to five different accounts, with a total investment of RM655,109.80, from July 2 to July 30, he said. “He was then informed by ‘Tan Teng Boo’ that the account had been blocked. He lodged a report yesterday,” he said in a statement today.

 

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