RM64,000 lost to ‘AI investment scheme’

All gone: Tan (right) said she lost all her money to the scheme. With her is Ng showing some of the online ads promising high returns.

JOHOR BARU: It was a bitter pill to swallow for a housewife who got cheated out of her savings of over RM64,000 after falling for an online investment scheme that claimed to use artificial intelligence (AI) to give her high returns.

The 61-year-old, known only as Tan, said she thought she was being clever by taking a few months to observe the scheme after first coming across it in March.