ABM executive director Dr Amina said the association is intensifying its cooperation with banks to stop unscrupulous tricksters in their tracks.
JOHOR BARU: A retiree has lost over RM130,000 to a bogus investment scheme found on social media.
Seri Alam OCPD Asst Comm Mohd Sohaimi Ishak said the 65-year-old woman learned about the online investment through an advertisement she found on Facebook.
“The victim said she saw the advertisement about the investment, which used the name of a government body.
“She clicked on the link in the post and was directed to an investment group where several individuals explained the investment.
“She was promised fast and lucrative profits by depositing an initial capital ranging between RM300 and RM500,” he said in a statement on Wednesday (Jan 22).
He added that after making the first payment, the victim was shown that she had accumulated returns of more than RM600,000.
“The victim wanted to cash out the money but was told to make additional payments to withdraw it.
“Between Jan 10 and 20, she made a total of 13 transactions amounting to RM130,874 to eight bank accounts.
“However, she still could not get her money and was asked to make further payments. She then realised that she had been scammed and filed a police report on Tuesday (Jan 21),” he said.
