KUCHING, Feb 25 — A 57-year-old man lost more than RM1.1 million after falling victim to a non-existent stock investment scheme promoted via the WhatsApp application.Kuching...
RCI calls on ‘corporate mafia’ claims against Azam Baki must rest on evidence, not speculation, says finance minister’s aide Kuching District Police Chief ACP Alexson Naga Chabu said the 57-year-old only realised he was cheated when he failed to withdraw his supposed earnings.
— Reuters picand enjoy FREE RM10 & when you sign up using code VERSAMM10 with min. cash of RM100 today! T&Cs apply.KUCHING, Feb 25 — A 57-year-old man lost more than RM1.1 million after falling victim to a non-existent stock investment scheme promoted via the WhatsApp application. Kuching District Police Chief, ACP Alexson Naga Chabu, said that on Dec 9, the victim received a message offering an investment opportunity with lucrative returns within a short period. “Attracted by the offer, the victim joined a WhatsApp group named ‘FYCMAX VIP’ and was instructed to download an application known as ‘FYC’ and deal with several individuals acting as group administrators. “The victim, becoming increasingly confident after seeing displayed profits within the app, carried out 23 money transfer transactions into four different bank accounts. The total amount transferred was RM1,108,784,” he said in a statement here yesterday. Alexson added that the victim only realised he had been cheated when he failed to withdraw his investment funds and the profits he had supposedly earned.
Stock Investment Scheme Whatsapp Scam FYCMAX VIP Alexson Naga Chabu Penal Code Section 420
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