Joe Kedah fleeces RM20mil off 72 people via online app

Spoils of fraud: Comm Zainuddin with the seized items after police crippled the bogus investment syndicate in Kuala Lumpur. — NORAFIFI EHSAN/The Star

KUALA LUMPUR: As the owner of luxury homes and sleek cars, he is no ordinary Joe, with apparent wealth coming from a bogus investment scheme.

The 42-year-old man, who goes by the name Joe Kedah, allegedly set up an application called EssenceFX where he promised returns of between 5% and 8% on investments.At least 72 people invested a total of RM20.5mil before the application went offline early this year. It was then that they realised they had been scammed.