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Plantation Manager Loses RM205,983 to Non-Existent Investment Scheme

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Crime News

Investment Scheme,Fraud,Social Media

A 56-year-old plantation manager lost a significant sum of money after falling prey to a fake investment scheme advertised on social media.

KUALA TERENGGANU: A plantation manager lost RM205,983 after falling victim to a non-existent investment scheme. Acting Kemaman police chief DSP Wan Muhamad Wan Ja'afar said that the 56-year-old male victim had invested in the Goldencrimson scheme, which was advertised on social media. The victim, drawn in by the promise of high returns, made 12 transactions, to eight different bank accounts, between Nov 4 and 24, as instructed by the suspect.

'Encouraged by the profit, the victim made 12 additional investments, totalling RM205,983, hoping for even greater returns,' he said in a statement on Friday (Dec 20). However, DSP Wan Muhamad said that the victim became suspicious when no returns were received as promised, and subsequently filed a police report yesterday evening.DSP Wan Muhamad also urged the public to be cautious of fraudulent schemes, particularly those circulating on social media and websites

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