A 54-year-old vegetable vendor in Malaysia lost a significant sum of money after falling victim to a non-existent investment scheme advertised on Facebook. She was lured by promises of high returns and made multiple payments to various accounts before realizing she had been scammed.
A vegetable vendor in Malaysia has suffered a loss of RM214,700 after being deceived by a non-existent investment syndicate operating on social media platform Facebook . Kuala Terengganu District Police Chief ACP Azli Mohd Noor stated that on December 11 last year, the 54-year-old woman came across an investment advertisement on Facebook and contacted a man known as 'Zulfikar' through the WhatsApp application for further information.
According to Azli, the victim, hailing from Tepoh, Kuala Nerus, was subsequently directed to communicate with another individual, a woman, who provided more details about the investment scheme. 'The victim was promised a profit of RM30,000 within three to six hours with an initial investment of RM500. Enticed by the significant potential returns, the victim made the first investment as instructed. However, a few hours later, the victim was asked to make another payment for the withdrawal of profits,' he explained when contacted today. Azli revealed that the victim, driven by the lure of quick and substantial profits, made 42 payments to 16 different accounts using her savings and the proceeds from pawning her jewelry. However, she eventually realized she had been defrauded and lodged a police report on December 7, 2023, at 7:24 PM, after failing to receive the promised investment returns despite waiting for an extended period. 'The case is being investigated under Section 420 of the Penal Code. The public is urged to remain vigilant against the increasingly sophisticated tactics used by investment scams,' he added.
INVESTMENT SCAM FACEBOOK MALAYSIA POLICE REPORT VICTIM
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