KUALA LUMPUR: A 42-year-old company manager lost RM2.5mil after being duped by a cryptocurrency investment scam.
Bukit Aman Commercial Crime Investigation Department director Comm Datuk Seri Ramli Mohamed Yoosuf said the man joined the scheme last July.
“He saw an advertisement for the scheme on Facebook. It apparently offered returns of 10% to 50%. The victim made 26 transactions amounting to RM2.5mil to accounts belonging to different companies and businesses,” he said in a statement yesterday.
Comm Ramli said the man made profits at first but when he wanted to withdraw his funds, the scammers gave various excuses and even charged him other fees.
“In the end, he did not manage to withdraw any returns,” he said, adding that 44 police reports have been lodged about the investment scheme with cumulative losses reaching RM33.07mil.
“We are investigating under Section 420 of the Penal Code for cheating,” he added.
He urged those affected to stop making payments to the so-called investment scheme and to lodge police reports immediately, adding that he had often highlighted such tactics by scammers.
He reminded those who plan to invest in any financial scheme to be vigilant.
