Alor Gajah OCPD Supt Arshad Abu said the male victim was promised lucrative returns on his investment in just six hours after being introduced to the scheme through an advertisement via Facebook on May 2.
"The victim was asked to initially invest RM1,000 by the fraudster and was promised high returns if he placed more money in the scheme," he said on Thursday . Supt Arshad said the victim then deposited the total amount in stages to a bank account provided by the con artist between May 3 and May 11. He said a police report was lodged at the Alor Gajah police headquarters on Tuesday after the victim realised he was cheated.to our Premium Plan for an ad-free and unlimited reading experience!
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Retiree loses over Rm132,000 in crypto investment scam“The victim then made a payment of RM1,000 as an initial capital before gradually increasing the investment to RM132,407 between May 3 and 11,” he said. theSun thesundaily retiree cryptocurrency investment scam
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