JOHOR BARU, Dec 14 — A housewife fell prey to an online Bitcoin investment scheme that promised lucrative returns and suffered a loss of RM752,398. Acting Seri Alam District...
Johor housewife loses RM752,398 in ‘UVKXE’ Bitcoin investment scam app after falling for fake promises of high returns
Acting Seri Alam District police chief, DSP Dr Mohd Roslan Mohd Tahir said the 47-year-old woman lodged a report yesterday, claiming to have been scammed. She was subsequently added to a group called ‘VIP Investment Group ’ and briefed by several individuals about the scheme, which promised substantial returns within a month.
“The victim observed a profit of USDT185,838 in the UVKXE application and attempted to withdraw the funds. However, she was only paid RM144,415. For subsequent withdrawals, she was instructed to pay one percent of the profit as a fee.Mohd Roslan added that the case is being investigated under Section 420 of the Penal Code, which carries a maximum penalty of 10 years imprisonment, caning, and liable to a fine upon conviction.
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