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Senior citizen loses RM704,000 to WhatsApp investment scam

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Elderly Fraud Victim ニュース

Whatsapp Scam,Investment Scheme,RM704

SINGAPORE: A Chinese national was offered a 30,000 yuan (S$5,600) reward if he came to Singapore to retrieve nearly $500,000 in cash and valuables that two burglars had earlier stolen.

Acting Kemaman District Police Chief Dept Supt Wan Muhamad Wan Ja’afar said the 73-year-old businessman encountered an investment advertisement on the app promising lucrative returns.

"Attracted by the offer, the victim joined the investment scheme known as Saham L-5 Cicc Investment. Consequently, he made 10 transactions into three different bank accounts, resulting in a loss of RM704,000," he said on Tuesday. DSP Wan Muhamad then added that the victim has not received any promised returns and filed a police report last Monday.Wan Muhamad also reminded the public to always be cautious and conduct thorough checks before joining any investment scheme, especially those promising quick and substantial profits.

"In addition, obtain further information from official sources such as the Semak Mule CCID portal, Bank Negara Malaysia , and the Securities Commission before deciding to join any investment scheme," he added.Bringing a knife to a fistfight: Five held after brawl in KL leaves three hurt

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