KUALA LUMPUR: A total of 46 police reports have been lodged over an online investment “like and share” scam with losses amounting to RM689,146.
Bukit Aman commercial crime investigation department (CCID) director Comm Datuk Zainuddin Yaacob said these involved various online platforms such as Like & Share, Isharefans, Zan Zan Le, Test Fight and Queqiabao.
"Victims would get information about investments through Facebook. Once they showed interest, victims would be contacted via WhatsApp and given a URL link.
"When the victims opened the link, they would be required to provide their mobile phone numbers and bank account details," he said in a statement on Wednesday (Dec 2).
The victim would then be given a code to see their “earnings” on a mobile app, he added.
"The app is free initially, but victims are then required to “like” and “share” posts from the company's Tik Tok or YouTube accounts and were paid RM1 for 20 shares. The profits are then transferred to the victims' bank accounts," Comm Zainuddin said.
Victims are then enticed to "earn" and offered packages priced between RM99 and RM9,999 to advance to a higher level, he added.
"At first, the victims receive the profits but soon realise they have been duped when they are unable to withdraw any profits. The link shared by the suspects would then be shut down," he said.
Comm Zainuddin said investigations revealed that the scam was linked to several companies, including one called Syarikat Revorits IT Solution.
"We checked its registered premises at KL Eco City on Nov 26 but the office had been closed since Nov 11," he said.
Comm Zainuddin advised the public not to be duped by online investments which promised lucrative returns for minimum effort.
"The public can find out more on such scams through various official sources including the CCID's Semak Mule, Alert List Bank Negara Malaysia and the Securities Commission," he added.
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