Teenager cheated of RM16,000 in 'investment scheme'

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KEPALA BATAS: Enticed by higher profits, a school leaver almost tripled his investments, only to find himself losing more than RM16,000 in a get-rich-quick scheme.

The 18-year-old initially wanted to invest only RM600 in a scheme but was persuaded to pump in more money when he was told that he could multiply his returns in just 12 hours.

The company claimed to have obtained a licence from Bank Negara Malaysia to conduct legal investment activities in the country with a promise of quick returns.

 

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