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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bitcoin , Investment Scam , Fraud , Cryptocurrency

Next In Nation

Umno must lead with 30% women in top leadership, says Noraini
Partnering with other political coalitions doesn’t mean we are weak, says Wanita Umno chief
Let’s reopen doors to ex-Umno leaders, says Puteri wing chief
Blaze kills three, destroys two factories in Banting industrial area
Umno must lead push for Political Financing Act, says Wanita Chief
Border Control foils attempt to smuggle 2,000kg pig carcasses at Bukit Kayu Hitam
Warm welcome as Khairy returns to Umno General Assembly
Lecturer loses RM493,600 to investment scam
Immigration rescues two Indonesian women from forced labour, human trafficking syndicate
High on meth, man allegedly threatens to slit toddler’s throat with broken bottle in Kelantan

Others Also Read