Man charged over cryptocurrency investment fraud


Reuters Pic

KOTA KINABALU (Bernama): A man has pleaded not guilty in the Magistrate’s Court here to two counts of illegal deposit taking activities related to cryptocurrency investments amounting to RM425,710.

On the first count, the accused, Mohd Wannor Ramdan Awang, 25, was charged with deceiving a victim at a restaurant here, between July to September last year, to invest RM392,860, without a valid licence, as stipulated under Section 10 of the Financial Services Act 2013.

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Bitcoin , Investment Scam , Fraud , Cryptocurrency

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