Scam Alert: Information Technology Officer Loses RM153,000 in Non-Existent Investment Scheme

The Victim’s Story

A 45-year-old information technology assistant officer at a government agency in Kuantan, Pahang, has fallen victim to a non-existent investment scheme, losing a staggering RM153,000. According to Pahang Police chief Datuk Seri Yahaya Othman, the victim claimed that he was involved in a bitcoin-based investment scam after meeting an individual on the Tinder app.

The Investment Opportunity

The victim was offered an investment opportunity with a 45 per cent bonus return if he invested RM100,000. The promise of a high return on investment was enticing, and the victim was convinced to invest more after making a profit from two initial transactions.

The Consequences

However, after investing a total of more than RM153,000 in eight transactions into the provided account between October 28 and last Wednesday, the victim’s investment account was blocked. The victim, who had used his savings and taken a personal loan for the investment, was unable to withdraw the promised profit and suspected that he had been deceived.

The Investigation

The victim filed a report at the Kuantan District Police Headquarters yesterday, and the case is being investigated under Section 420 of the Penal Code for cheating. The police are working to identify the individual who posed as the investment opportunity and to recover the stolen funds.

Precautions to Avoid Falling Victim to Investment Scams

This incident serves as a reminder to be cautious when investing in schemes that promise unusually high returns. Here are some precautions to avoid falling victim to investment scams:

* Be wary of unsolicited investment opportunities
* Research the investment thoroughly and verify its legitimacy
* Never invest more than you can afford to lose
* Be cautious of promises of unusually high returns
* Never provide personal or financial information to unknown individuals

Conclusion

Investment scams are a growing concern, and it is essential to be aware of the tactics used by scammers to deceive innocent individuals. The victim in this case lost a significant amount of money due to his naivety and lack of research. It is crucial to be cautious and to verify the legitimacy of any investment opportunity before investing.

FAQs

Q: What is the purpose of the investment scheme?
A: The purpose of the investment scheme is to deceive innocent individuals into investing in a non-existent investment opportunity.

Q: How did the victim get involved in the scheme?
A: The victim got involved in the scheme after meeting an individual on the Tinder app who posed as an investment opportunity.

Q: What is the total amount lost in the scheme?
A: The total amount lost in the scheme is RM153,000.

Q: What is the current status of the investigation?
A: The case is being investigated under Section 420 of the Penal Code for cheating, and the police are working to identify the individual who posed as the investment opportunity and to recover the stolen funds.