Retired teacher loses RM109,000 in investment scam

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62-year-old falls victim to women who promised him lucrative returns in online scheme. FMTNews Scam

Police say those behind the investment scam allegedly use WhatsApp to cheat their victims.

“The victim had seen an investment advertisement on Facebook that offered lucrative returns related to foreign exchange, with free guidance through social media. Elias said the victim then liaised with another woman who acted as his guide to help manage his investment through another application. The victim made five more transactions amounting to RM108,726.09.

 

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