FROM DR MAHALETCHUMY ARJUNAN Executive Director Malaysian Biotechnology Information Centre Monash University Sunway Campus
PONTIAN: A 60-year-old kindergarten teacher lost RM811,500 after falling victim to a non-existent investment scheme promoted on social media .
"The scam began on July 25 this year when the victim encountered an enticing offer promising high returns ranging from 5% to 20%, depending on the investment amount. The case is now being investigated under Section 420 of the Penal Code for cheating, which carries imprisonment for one to ten years, caning, and a fine if convicted."The police have advised the public to stay informed about the latest tactics employed by scammers to protect themselves.
Teacher Scam Police Pontian Investment Scheme Social Media Fraud Section 420 Penal Code Commercial Crime
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