A 63-year-old former engineer in Johor, Malaysia, suffered a financial loss of RM9.47 million after falling victim to a fraudulent online cryptocurrency investment scheme. The scheme, advertised on social media, promised a 50-fold return on investment. The victim made multiple payments to various bank accounts between October and December last year, totaling RM9.47 million. After seeing a reported profit of RM88 million, he attempted to withdraw his earnings but was instructed to make another payment of RM800,000. Suspecting a scam, he refused and the individuals he had been dealing with became unreachable. The case is under investigation.
: A former engineer suffered a loss of RM9.47 million after participating in a non-existent online cryptocurrency investment scheme that claimed to offer high returns.
He said that the victim then clicked on the provided link, which led him to a WhatsApp group, where he was contacted by two individuals who explained how to invest with a promised return of 50 times the initial investment.
Cryptocurrency Scam Investment Fraud Online Fraud Malaysia Johor
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