Accountant says scammed of RM326k over US land investment scheme


  • Nation
  • Friday, 25 Sep 2020

KUALA LUMPUR: An accountant is seeking help, saying she had been scammed of RM325,780 in an investment scheme pertaining to land purchases in the United States.

In a statement on Friday (Sept 25), MCA Public Services and Complaints Department head Datuk Seri Michael Chong said the complainant invested her money into five plots of land in the United States after attending an investment conference in Petaling Jaya in 2018.

The investment agent promised the complainant 7% returns per year from the investments over a maximum period of four years.

An agent company from the United States was also appointed to aid in the process, she was told.

However, when the complainant checked in 2019, she saw that three of the plots of land she had invested in still had not received land titles.

When she questioned the agent, she was told that land ownership for those plots would be transferred.

However, after speaking to the American side, she was told that no money had been received from the agent in Malaysia.

When she confronted the agent, she was told that the sum was not sent because the American side owed the Malaysian side money.

Chong said that a police report on the matter had been lodged on May 19.

"She has not received any profit from this investment after 2019," he said.

Another victim also contacted Chong, claiming that he had lost RM110,000 in the same investment scheme.

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