Man Loses RM87,479 in WhatsApp Investment Scam

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Crime Nouvelles

Investment Scam,Whatsapp,Johor Baru

A 52-year-old man from Johor Baru has lost a significant sum of money after falling victim to an online investment scam that originated on WhatsApp. The man was contacted by an individual claiming to be a representative from a company named 'Mandy', who promised a lucrative return on investment in an initial public offering (IPO) of shares.

JOHOR BARU: A 52-year-old man has lost RM87,479 after falling for an online investment scam that he came across on WhatsApp.

“Mandy offered an investment opportunity in an initial public offering of shares, promising a return of 80% on the invested capital. “The scam was uncovered when the victim was asked to make an additional payment of RM15,000 to withdraw the promised profit. The investigation will also explore the involvement of mule accounts and action will be taken against the account holders involved, he added.

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