Victim believes he made over RM3mil from RM94,000 investment but ends up with nothing


SIBU: A car engine oil salesman has suffered a loss of RM94,247 after he was deceived into investing in a fake cryptocurrency scheme.

Sibu OCPD Asst Comm Zulkipli Suhaili said that police received a report from the 40-year old victim on Monday (Jan 29).

"The victim was attracted by an advertisement for an investment opportunity on Facebook.

"He clicked on the link and was added to a WhatsApp group run by the suspect known as David" he said.

ACP Zulkipli said that the suspect managed to convince the victim to invest in "crypto shares".

"From November 2023 to January 2024, the victim deposited a total of RM94,247 into five bank accounts.

"He later checked his 'investment account' and found that his accumulated profit was as much as US$721,922.93 (RM3,407,476.22)," he said.

However, the complainant was unable to withdraw his profits.

"The case is being investigated under Section 420 of the Penal Code for cheating," he said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Ipoh man arrested after running amok with samurai sword, hurting family
Chronology of the 1MDB case involving Najib
1MDB verdict: Najib to file appeal on Monday following verdict, says lead counsel Shafee
1MDB verdict: Najib admits to feeling 'alone' in struggle for freedom
Terengganu hit by third wave flood
1MDB verdict: Najib gets 15 years' jail plus RM11.4bil fine
1MDB verdict: Prosecution calls for maximum 20-year jail sentence, RM11.4bil fine
Over 300,000 summonses issued during traffic law compliance op since Oct, says KL top cop
Two-year-old girl killed, seven others hurt in Terengganu road crash
Eight nabbed during Kampung Sungai Baru incident to be charged, say police

Others Also Read