A 61-year-old housewife has lost RM250,000 after falling victim to an online investment scam that promised daily returns of between five and 10 per cent.
District police chief Assistant Commissioner Mohd Sohaimi Ishak said the victim lodged a police report yesterday after realising she had been deceived by the bogus investment scheme.
He said the woman was initially enticed by promises of unusually high profits within a short period, leading her to make two separate transactions totalling RM250,000 from her savings account on April 28.
“After making the payment, the victim was instructed to deposit additional funds in order to withdraw her supposed profits,” he said in a statement.
However, she never received any returns and eventually discovered that she had been cheated.
The case is being investigated under Section 420 of the Penal Code for cheating.
Mohd Sohaimi urged the public to exercise caution when approached with investment offers that promise unrealistic or guaranteed returns.
He reminded that schemes offering extraordinary profits are often fraudulent in nature, echoing the saying that “all that glitters is not gold.”
