Eyeing 94pc returns, man instead loses RM200,000 to Goldencrimson fake investment scheme

  • 📰 malaymail
  • ⏱ Reading Time:
  • 41 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

Goldencrimson News

Golden Crimson

KUALA TERENGGANU, Dec 20 — A plantation manager lost RM205,983 after falling victim to a non-existent investment scheme. Acting Kemaman police chief DSP Wan Muhamad Wan...

Malaysian celebrity, Hairul Hazreen posing for the photographs during the launching of the National Scam Awareness Campaign at Kuala Lumpur Convention Centre in Kuala Lumpur, 3 October 2023. Picture by Shafwan Zaidonas a first-time user . Exclusively for Malay Mail readers: Use codeKUALA TERENGGANU, Dec 20 — A plantation manager lost RM205,983 after falling victim to a non-existent investment scheme.

Acting Kemaman police chief DSP Wan Muhamad Wan Ja’afar said that the 56-year-old male victim had invested in the Goldencrimson scheme, which was advertised on social media. The victim, drawn in by the promise of high returns, made 12 transactions, to eight different bank accounts, between Nov 4 and Dec 12, as instructed by the suspect.“Encouraged by the profit, the victim made 12 additional investments, totalling RM205,983, hoping for even greater returns,” he said in a statement, today.

However, Wan Muhamad said that the victim became suspicious when no returns were received as promised, and subsequently filed a police report yesterday evening.Wan Muhamad also urged the public to be cautious of fraudulent schemes, particularly those circulating on social media and websites. — Bernama

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Security guards lodge report claiming company’s van robbed in attempt for RM200,000 theftDYSON Ltd. is dialing back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.
Source: staronline - 🏆 4. / 75 Read more »