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Woman Loses RM751,070 in Investment Scam After Meeting Influencer on Instagram

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Investment Scam,Instagram,Johor Baru

A 55-year-old woman from Johor Baru fell victim to a non-existent investment scheme after being contacted via Instagram. She was lured by promises of high returns and transferred money into multiple bank accounts over several weeks. The woman only realized she was scammed after being asked to deposit more money to withdraw her initial investment.

JOHOR BARU: A 55-year-old woman has lost RM751,070 in a non-existent investment scheme, after being introduced to it via Instagram.

He said the woman initially connected with Elsa through her Instagram account on Sept 18 and the two exchanged messages via WhatsApp, where Elsa provided further details about the investment. "The victim only realised she was cheated after being asked to deposit more money in order to withdraw the amount invested earlier," said ACP Balveer.

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Woman Loses RM88,000 to Online Investment ScamA 63-year-old local woman in Johor Baru was scammed in an online investment scheme after being lured by promises of high returns. She transferred RM88,000 to two different bank accounts before realizing she had been cheated. Police are investigating the case.
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