KUALA TERENGGANU: A construction site supervisor has fallen victim to an investment scam, losing RM118,800 after being lured into a non-existent scheme through a trading app called ATS Pro.
Vincent encouraged him to invest based on recommendations from a mentor named “Joel Kim”.“The investment agreement was executed online with Dimensional Fund Advisory Investment Company, the sponsor of the application, which ultimately convinced the complainant of the promised returns,” he said in a statement yesterday, according to Bernama.
Azli said during a period of several months, the victim made 12 transactions totalling RM118,800 to two bank accounts.Upon reaching out to Vincent and the customer service of ATS Pro, he was informed that he needed to pay RM424,298.08 to access his promised investment profit of RM1,151,590.40. Meanwhile, in Kuantan, a trader was cheated out of RM244,000 after falling victim to a fraudulent online investment scheme that promised substantial returns.