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S'pore engineer loses more than $500k to investment scam

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Malaysia News

Singapore,SCAMS

JOHOR BAHRU – A 64-year-old Singaporean engineer has reportedly lost RM1.9 million (S$580,000) to an online investment scam. Johor police chief M. Kumar revealed that the police were alerted to this case after receiving a report from the victim on Oct...

JOHOR BAHRU – A 64-year-old Singaporean engineer has reportedly lost RM1.9 million to an online investment scam.

He was then added to a WhatsApp group related to investments, where he received a briefing on the investment process. Between February and March 2024, he made online payments amounting to RM1,948,000 to a designated bank account in Malaysia. He realised he had been scammed when he could not withdraw the profits shown in the app.

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Singaporean engineer loses more than $500k to investment scam, say Johor copsThe victim chanced upon an investment advertisement on Facebook while in Singapore in December 2023.
Source: The Straits Times - 🏆 8. / 63 Read more »