Retiree falls for ‘8,000% returns’ scam

IPOH: A retired school clerk has lost about RM242,000 after being cheated in an investment scam she had come across on the Internet.

Kuala Kangsar OCPD Asst Comm Heisham Harun said the incident occurred in April when the 67-year-old victim became interested in an investment opportunity via a Facebook post, promising 8,000% returns on their initial investment.