Malaysia

Student offered RM80,000 for old coins, but loses money instead

18-year-old victim approached by foreign suspect via social media

Updated 5 years ago · Published on 10 Mar 2021 6:30AM

Student offered RM80,000 for old coins, but loses money instead
A varsity student has been duped of RM5,250 in an old coin scam. – Pixabay pic, March 10, 2021

KUALA LUMPUR – A student of a private higher learning institution in Damansara lost RM5,250 after being duped by a foreigner who offered lucrative money for old coins.

Petaling Jaya police chief Nik Ezanee Mohd Faisal said the suspect offered RM80,000 for eight old coins belonging to the 18-year-old victim.

He said the suspect contacted the victim through a social media account before proceeding with the transaction using an international telephone number.

“The suspect claimed to have made a payment into the victim’s account after seeing the picture of the coins but the money was supposedly blocked for withdrawal.

“The victim was then instructed to deposit transaction charges into an account owned by a local man – believed to be a mule account – and had made seven transactions into that account.”

Nik Ezanee said the victim lodged a report on March 1 after realising he had been duped when the suspect never instructed him to send the old coins even though payment had allegedly been made. – Bernama, March 10, 2021

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