Malaysia

Trader loses RM380,000 in online investment scam promising 50% weekly returns

Enticed by the substantial profits, the trader proceeded to make eight transactions totalling RM380,000 to two different accounts

Updated 11 months ago · Published on 23 Oct 2025 11:42AM

Trader loses RM380,000 in online investment scam promising 50% weekly returns
The investment syndicate offered a scheme promising a 50 per cent return on the invested amount within a week - October 23, 2025

A TRADER in Kota Tinggi has fallen victim to an online investment scam, losing RM380,000 after being deceived by a syndicate offering unrealistic returns.

Kota Tinggi district police chief Superintendent Yusof Othman revealed on Thursday that the victim was lured by promises of 50 per cent profit within just one week.

The trader was introduced to the fraudulent scheme on 10 October by a man he knew through WhatsApp, who presented the investment as highly lucrative.

"The investment syndicate offered a scheme promising a 50 per cent return on the invested amount within a week," said Yusof.

Enticed by the substantial profits, the trader proceeded to make eight transactions totalling RM380,000 to two different accounts between 10 and 15 October.

When the trader contacted the suspect yesterday to demand the promised profits, the suspect refused and instead urged him to increase his investment further. - October 23, 2025

Spotlight

Malaysia

Bersama suspends Nik Nazmi from party activities for three months

Malaysia

‘We have better things to do than orchestrate khalwat raids’ - Amirudin

Malaysia

Social media posts ‘emerge’- defending Ismail after Tuanku Muhriz’s public rebuke

World

Trump’s Muhammad joke about Iran presidency falls flat at Georgia rally

Health

Haze can cause life-threatening lung inflammation in cats and dogs, vet warns

World

Australia detects deadly H5N1 bird flu on Macquarie Island, threatening elephant seals

Malaysia

Agong warns against using social media to spread hatred, insult others

Malaysia

Nik Nazmi acknowledges he is the individual detained by JAIS

You may be interested

Malaysia

Nik Nazmi acknowledges he is the individual detained by JAIS

Malaysia

Declining birth rate among the Chinese community worrying, says Penang Exco

By Ian McIntyre

Malaysia

More than 50 allegedly duped in royal-link property scam, losses exceed millions

Malaysia

Pasir Gudang API hits 203 as haze puts 33 stations in unhealthy categories

Malaysia

Haze: MOH issues strict guidelines to ensure public health

Malaysia

MRT Kajang Line delayed after attempted cable theft, track intrusion

Malaysia

Agong warns against using social media to spread hatred, insult others

Malaysia

Court hears RM40m in Khazanah, PNB investments paid into Fashion Valet accounts