KUANTAN: A trader lost about RM500,000 after falling victim to a business scam promoted on social media.
Pahang police chief Comm Datuk Seri Yahaya Othman said the 61-year-old victim was contacted by an individual posing as a representative of an e-commerce platform in August and was given a fake link to register as a seller.
He said the victim was told to bear the upfront costs in return for a 30% commission.
“Using his EPF savings and personal funds, the man made several payments exceeding RM500,000.
“He initially received RM8,300 in profits, which convinced him to continue,” Comm Yahaya said in a statement.
When no additional profits were forthcoming and he was asked to put in more money, the trader realised he had been deceived and lodged a police report in Bentong.
