RM15,000 bait leads to engineer losing RM1.1mil in investment scam
KUANTAN: Enticed by a RM15,000 profit he made from an online investment scheme, an engineer fell victim to a meticulously planned scam that cost him a staggering RM1.1 million in losses.
The 36-year-old victim not only utilised his own savings but money borrowed from his family members and relatives in the incident which has turned into a nightmare.
Pahang police chief Datuk Seri Yahaya Othman said the victim joined the online investment scheme known as "Boom-s" on Dec 3 last year.
"The victim claimed that an 'administrator' taught him to use the investment application and made 19 transactions amounting to RM1.1 million into seven separate bank accounts.
"He earned RM15,023 in profit, which he managed to withdraw. The investment scheme's administrator then told the victim that he had secured more than RM4 million profit but gave various reasons when the victim attempted to withdraw the cash he had made," he said in a statement today.
Yahaya said the victim lodged a police report yesterday after he failed to gain any returns as had been promised by the administrator.
He urged the public to exercise caution and verify the legitimacy of any online investment opportunities, to avoid falling prey to similar scams.
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