Online Investment Scam: Goldsmith Shop Clerk Loses RM2.65 Million
The Victim’s Story
A 49-year-old goldsmith shop clerk in Johor Bahru, Malaysia, fell victim to an online investment scam in August, resulting in losses amounting to RM2.65 million. The incident highlights the importance of being cautious when investing online and the potential consequences of falling prey to unscrupulous scammers.
Initial Contact and Promise of High Returns
The victim came across an investment advertisement on social media and clicked on the link to learn more. She was then contacted by several individuals who provided her with information about the investment, promising returns of up to 9% of the invested amount. The promise of high returns was enticing, and the victim was convinced to make an initial investment of RM100,000 in October.
Initial Success and Subsequent Losses
The victim received a profit of RM12,100 on her initial investment, which convinced her that the investment was legitimate and profitable. She then sought to earn more by following the instructions of the suspects, transferring RM2,656,600 from her and her spouse’s bank accounts into multiple accounts between October and the end of last month.
Red Flags and Realization of the Scam
However, the victim did not receive any further returns from the investment. Instead, she was asked to make various additional payments before the promised profits and initial capital would be returned. This raised her suspicions, and she realized that she had been scammed. She filed a police report in Batu Pahat yesterday, and the case is being investigated under Section 420 of the Penal Code for cheating.
Police Statement
Johor Police Chief Datuk M Kumar commented on the incident, stating, "This case is a reminder that online investment opportunities can be extremely risky and should be approached with caution. We urge the public to be vigilant and not to fall prey to such scams."
Conclusion
The story of the goldsmith shop clerk serves as a warning about the dangers of online investment scams. It is essential to be cautious when dealing with online investment opportunities and to thoroughly research the company and its reputation before making any investments. By being aware of the potential risks and taking precautions, individuals can protect themselves from falling victim to such scams.
Frequently Asked Questions
- What is the extent of the losses suffered by the victim?
The victim lost RM2.65 million. - What was the initial investment made by the victim?
The initial investment was RM100,000. - How did the victim come across the investment opportunity?
The victim came across the investment opportunity through a social media advertisement. - What is the current status of the investigation?
The case is being investigated under Section 420 of the Penal Code for cheating.