Factory Operator Loses RM449,100 To Non-Existent Investment Scheme
He added that preliminary investigations found that the victim had clicked on a link on Facebook before being added to a WhatsApp chat group on Feb 16.
Taiping police chief ACP Mohamad Nasir Ismail said the 69-year-old man lodged a report at the Taiping District Police Headquarters yesterday.
"The syndicate offered him a plan that promised high returns based on the share market. He was also told to upload an application to monitor his shares,' he said in a statement today.
Mohd Nasir said the victim then made 19 transactions to five different bank accounts between Feb 16 and April 12.
He said the victim was told to settle the amount over three months (maturity period) to obtain the profits and not to withdraw any earnings before the maturity date.
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