A 34-YEAR-OLD private sector employee has lost more than RM450,000 after falling victim to a fraudulent stock investment syndicate that does not exist.
The woman was drawn in by a stock investment advertisement on Facebook promising substantial profits, according to Segamat District Police Chief Superintendent Ahmad Zamry Marinsah.
“After being intrigued by the offer, the victim contacted an unknown woman who instructed her to download an application to access further details about the investment, which purportedly promised multiplied returns,” he said.
Due to her excitement, the victim proceeded to make 15 separate money transfers totalling RM450,750 into eight different accounts provided by the suspects between 1 August and 30 September.
“However, the victim did not receive the promised returns and soon realised she had been deceived, prompting her to file a police report at the Segamat District Police Headquarters yesterday,” he added.
Following the report, investigations are underway under Section 420 of the Penal Code for cheating.
The police have urged the public to remain vigilant about current trends in commercial crimes and to exercise caution when offered investments that guarantee unusually high returns. - October 9, 2025
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