An 84-year-old man in Johor Baru became a victim of a sophisticated investment scam, losing a significant sum of money after being lured by promises of high returns. The victim was contacted through a WhatsApp investment group and was persuaded to invest in non-existent shares through a fraudulent website.
An 84-year-old man in Johor Baru has fallen prey to a sophisticated investment scam, losing a substantial sum of RM500,000. The victim, lured by the promise of extraordinary returns, was drawn into a fraudulent scheme through an online investment group on WhatsApp. The scam began in October 2024 when the victim received contact from an individual identifying themselves as Dong Yuan, who communicated via the phone number +1(720)9843320.
Dong Yuan presented a seemingly lucrative investment opportunity involving shares, claiming potential returns as high as 100%. Enticed by these enticing promises, the victim downloaded a mobile application named DIGZAXXCE, purportedly designed to track his investment earnings. Over a period of 10 days, from January 6th to January 15th, the victim made 12 cheque payments totaling RM500,000 to two separate bank accounts provided by the suspect. The deception unraveled when the victim's accountant alerted him to the illegitimacy of the investment. The warning came after the victim was instructed to pay additional fees in USD to withdraw his supposed high returns, as displayed on a fraudulent website, digzaxa.com. Adding to the victim's distress, he was threatened that if he refused to comply, his earnings would be frozen. Johor Baru North OCPD Asst Comm Balveer Singh confirmed that the case is currently under investigation under Section 420 of the Penal Code for cheating. In a statement issued on Saturday, January 18th, ACP Balveer Singh urged the public to be extra cautious against the rising tide of commercial crimes, particularly online scams. To verify the legitimacy of investment offers, he recommended utilizing online services provided by the Commercial Crime Investigation Department (CCID), such as Semak Mule to check suspicious bank accounts, the CCID Scam Response Centre via hotlines at 03-26101559 or 03-26101599, the CCID Infoline, official Facebook pages JSJK PDRM and BSJK PDRM, and the National Scam Response Centre (NSRC) via its hotline at 997
INVESTMENT SCAM JOHOR BARU ELDERLY MAN FRAUD ONLINE SCAM COMMERCIAL CRIME
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