JOHOR BARU: A businessman who was hoping that his stock investments would pay off is now in financial ruin after falling victim to an overseas online scam.
The man in his 60s, who wanted to be known only as Tee, said he had used up almost all his savings from the Employees Provident Fund (EPF) totalling RM900,000 and borrowed almost another RM480,000 to invest a total of about RM1.38mil in supposed initial public offerings (IPOs) in China.
