Retiree losses RM1.24 million in pre-IPO stock investment scam

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JOHOR BAHRU: A retired civil servant lost RM1.24 million after allegedly being scammed through a pre-initial public offering (IPO) stock investment in...

: A retired civil servant lost RM1.24 million after allegedly being scammed through a pre-initial public offering stock investment in early June.

“Attracted by the offer, he made his first investment and received the promised returns in July, which led him to believe that the investment was legitimate. He became suspicious after receiving no returns on his additional investments but instead being pressured to invest more.

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 /  🏆 25. in PT
 

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