Tag - Investment Scheme

Senior citizen loses RM704,000 to WhatsApp investment scam

KEMAMAN: An elderly man has lost RM704,000 after falling victim to a fake investment scheme on WhatsApp. Acting Kemaman District Police Chief Dept Supt Wan Muhamad Wan Ja’afar said the 73-year-old businessman encountered an investment advertisement on the app promising lucrative returns. "Attracted by the offer, the victim joined the investment scheme known as Saham L-5 Cicc...

Retiree loses over RM478,000 to investment scam

KUANTAN: A retiree lost over RM478,000 after falling victim to a non-existent investment scheme promoted on social media. Pahang police chief Datuk Seri Yahaya Othman said the 69-year-old man first expressed interest in the investment advertised on Facebook in July. He explained that the victim was provided with a link to download the investment platform, while the...

Women loses RM350,000 to ‘investment scheme’

JOHOR BARU: A 47-year-old local woman lost RM350,793.71 after investing in a scheme known as ‘C CHARGE’ this year. North Johor Bahru district police chief ACP M S Balveer Singh said police received a report on the matter at 12.49pm on June 15. "The investment scheme started operating in March 2023 and promised 100 per cent returns.   "However,...