A 67-year-old elderly trader from Temerloh suffered a loss of over RM100,000 after being deceived by a non-existent investment scheme that promised significant profits last November. Pahang Police Chief Datuk Seri Yahaya Othman said the victim joined a stock investment scheme on November 8 after being contacted by the suspect via WhatsApp, who claimed to be a high-ranking official at the Stock Exchange.
He said the victim was attracted to the investment when the suspect informed him that there would be no investment tax if the trader joined on that day. 'The victim made nine transactions to eight different bank accounts, totaling RM117,000. The victim realized he was deceived when he failed to contact the suspect and did not receive any promised profits. 'The financial source was the victim's savings,' he said in a statement today, and also advised the public to conduct thorough checks before making any online investments to avoid becoming victims of scams
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