Fabulous returns or fantastic lies


IPOH: When something looks too good to be true, it is probably a scam, as a salesman here found out after he was duped of over RM900,000.

The 51-year-old victim fell for a promise of a 20% return on investment, said Perak police chief Comm Datuk Seri Mohd Yusri Hassan Basri.

He said the victim came across an advertisement on Facebook about an investment scheme on April 15 and clicked on the link.

“The link led him to the WhatsApp instant messaging app where he communicated with a woman. On May 1 and 12, the victim put a total of about RM904,000 into two different bank accounts belonging to two companies.

“He realised he had been cheated after not getting the returns as promised,” Comm Mohd Yusri said in a statement yesterday, adding that a police report was lodged on Monday.

Comm Mohd Yusri said people should always be vigilant when coming across advertisements about investment schemes, especially on social media.

“In our efforts to combat investment scams, the police want to remind people to be more careful.

“Checks can be conducted on various platforms that have been set up by the police, Bank Negara Malaysia and the Securities Commission,” he added.

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