Five men pretending to be women online arrested over fake bitcoin investment

KAJANG: Five men who posed as women on social media sites were detained for allegedly running a bitcoin investment scam.

Kajang OCPD Asst Comm Mohd Zaid Hassan said the suspects - aged between 23 and 32 years old - were detained following a raid at Batu 9, Cheras, at about 8pm on Wednesday (July 20).

"We seized five laptops and 16 mobile phones from the premises," he said when contacted on Thursday (July 21).

Investigations revealed that the suspects posed as women online in order to hook their victims, he said.

"The suspects would target male victims.

"They would then dupe the victims to investing on a bitcoin investment that does not exist," he said.

ACP Mohd Zaid said the suspects have been operating for about three months.

"We are investigating under Section 420 of the Penal Code.

"The suspects have been remanded until Friday (July 22)," he said.

He also urged those who have been duped by the scammers to come forward and lodge police reports or contact investigating officer Insp

Tanaseelan at 012-441 6412.

"We advise the public to be wary against such scam syndicates offering non-existent bitcoin investment online.

"The public can conduct checks at for any transaction involving bank accounts and phone numbers before committing to any kind of investment," he said.

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