A 45-year-old man in Malaysia reported being the victim of an investment scam after losing RM544,200. He was lured into the scheme through a Facebook advertisement for an app called Cap Max, which promised returns of 3% to 120% within three days. He was then contacted by a woman who added him to a WhatsApp group and instructed him to download the app.
He made seven payments to four local bank accounts between November 25 and December 12, believing he would receive profits in his Cap Max account. However, after making a “profit” of over RM9.3 million, his account was blocked when he tried to withdraw the funds. The case has been classified under Section 420 of the Penal Code for cheating. Police advise the public to be wary of investment and online job offers promising high returns with easy methods. They urge people to utilize resources like Semak Mule, the CCID scam response center, CCID infoline, or the National Scam Response Centre at 997 for information before making any payments
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