Eyeing 94pc returns, man instead loses RM200,000 to Goldencrimson fake investment scheme

Malaysian celebrity, Hairul Hazreen posing for the photographs during the launching of the National Scam Awareness Campaign at Kuala Lumpur Convention Centre in Kuala Lumpur, 3 October 2023. Picture by Shafwan Zaidonas a first-time user . Exclusively for Malay Mail readers: Use codeKUALA TERENGGANU, Dec 20 — 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 Dec 12, 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, today.

However, Wan Muhamad said that the victim became suspicious when no returns were received as promised, and subsequently filed a police report yesterday evening.Wan Muhamad also urged the public to be cautious of fraudulent schemes, particularly those circulating on social media and websites. — Bernama

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