Tag - Nonexistent Investment Scam

Businesswoman, son-in-law duped of nearly RM940,000 in investment scam

JEMPOL: A businesswoman and her son-in-law have almost RM940,000 in an investment scam. Jempol police chief Supt Hoo Chang Hook said the woman in her 70s was introduced to the scheme in late November, adding that the victims were promised returns of up to 50% within 48 hours. ALSO READ: Growing ‘Scamdemic’ due to evolving online scams "However, on...

Sarikei housewife loses RM540,000 to investment scam

SIBU: A Sarikei housewife has been fleeced of RM540,000 in a nonexistent online investment scam that promised high returns of up to 100%. Sarawak Commissioner of Police Datuk Mohd Azman Ahmad Sapri, said the 60-year-old woman had responded to an advertisement on Facebook on Oct 2. She contacted an individual by the name of "Koon Yew Yin"...