KUANTAN: A retired teacher suffered losses of nearly RM320,000 after being tricked into investing in a non-existent scheme by scammers on social media.
Pahang police chief Datuk Seri Yahaya Othman said the 78-year-old man encountered an investment advertisement purportedly promoted by OSK Trading Securities on Facebook.
Subsequently, the retiree engaged with the perpetrator via WhatsApp to seek explanations about trading on the designated platform, which promised profits ranging from 10% to 20%.
“The victim proceeded to make payments to four different bank accounts in stages.
“He only realised he had been cheated after not receiving any returns,” Yahaya said in a statement yesterday.
Yahaya said the victim lodged a police report at the Kuantan district police headquarters yesterday, and the case is being investigated under Section 420 of the Penal Code for cheating. – Bernama
