Woman loses over RM600,000 to non-existent investment scam

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JOHOR BAHRU: A 56-year-old retiree lost RM619,390 after falling victim to a non-existent online investment scheme. Johor police chief CP M. Kumar said...

: A 56-year-old retiree lost RM619,390 after falling victim to a non-existent online investment scheme.

“The victim was offered to invest in cryptocurrency, which promised returns of 35 to 50 per cent every month based on the amount of money invested. He said the victim fell for it and made 28 cash transactions to seven different bank accounts between Feb 19 and May 7 before she became suspicious and lodged a report, adding that the case is being investigated under Section 420 of the Penal Code.

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