Selangor police: Two men lose over RM3m to cryptocurrency investment frauds

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SHAH ALAM, July 10 — Two local men lost RM3,147,714 to a cryptocurrency investment fraud in February and May this year. Selangor police chief Datuk Hussein Omar Khan said in the...

SHAH ALAM, July 10 — Two local men lost RM3,147,714 to a cryptocurrency investment fraud in February and May this year.

The suspect offered the victim to join an investment scheme called Trading Cryptocurrency, and he registered a trading account at a website provided by the suspect. “The victim lodged a police report in Ampang Jaya after the investment account could not be accessed and the suspect was not contactable,” he said in a statement.

“The victim was offered to join a share investment scheme and was added to a WhatsApp group named ‘1 Year 10 Times Wealth Club’ and was asked to download an app to open an investment account and to make a deposit payment.

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