Latest news with #420
The Sun
9 hours ago
- Business
- The Sun
Store supervisor loses RM624,617 in online investment scam
GEORGE TOWN: A store supervisor in Batu Kawan lost RM624,617 after falling victim to an online investment scam. Acting Penang police chief Datuk Mohd Alwi Zainal Abidin said the 56-year-old man came across a Facebook advertisement in February promising high returns. He later contacted a man via WhatsApp. He said the victim was lured by promises of quick profits and was instructed to download the XGI Horizon app to register and begin investing. 'Between Feb 18 and April 24, the victim made 31 transfers into 10 different company accounts,' he said in a statement today. Mohd Alwi said the man realised he had been scammed when he was asked to make further payments before he could withdraw his purported profits. He lodged a police report at the Seberang Perai Selatan police headquarters yesterday. The case is being investigated under Section 420 of the Penal Code for cheating. - Bernama
The Star
2 days ago
- The Star
Businessman loses over RM1mil to online investment scam
SEREMBAN: A businessman suffered losses of over RM1mil after falling victim to a non-existent online investment scheme in April. Nilai police chief Supt Abdul Malik Hasim said the police received a report from the man in his 50s, at 4.22pm on Monday (July 21) at the Pantai police station. "The victim claimed he had dealings with an individual who offered the scheme on April 29 and was attracted to invest after being promised high returns. "He was then instructed to download a mobile application called 'CDT MAX' before transferring money into seven different bank accounts provided for the investment. A total of 15 transactions were made, amounting to RM1,449,750,' he said in a statement. Abdul Malik added that the victim realised he had been scammed when he was asked to make additional payments in order to withdraw his so-called investment profits. He said further investigations are underway to trace the suspect under Section 420 of the Penal Code for cheating. - Bernama
The Star
2 days ago
- The Star
Senior loses RM158,000 to fake cop
IPOH: A senior citizen lost RM158,000 after being duped by a phone scam syndicate. OCPD Asst Comm Abang Zainal Abidin Abang Ahmad said the 73-year-old victim claimed to have received a call from an insurance company, informing him that he had arrears. ACP Abang Zainal Abidin said the call was then transferred to a 'police officer' from the Petaling Jaya police headquarters. 'The victim was told he was involved in a money laundering case involving more than RM2mil and that an arrest warrant had been issued. 'The 'officer' threatened and instructed him to make various transactions to several bank accounts, supposedly to assist in the probe,' he said in a statement. The victim then made 12 transactions into 12 different bank accounts that were given to him. 'The victim finally realised that he had been cheated and lodged a police report on Sunday,' he said, adding that the case would be investigated under Section 420 of the Penal Code for cheating.
The Sun
3 days ago
- The Sun
Elderly man loses RM158k to phone scam in Ipoh
IPOH: A 73-year-old man lost RM158,000 after falling victim to a phone scam involving fraudsters posing as insurance agents and police officers. Ipoh police chief ACP Abang Zainal Abidin Abang Ahmad said the victim received a call from someone claiming to represent an insurance company, informing him of unpaid arrears. The call was then transferred to a man posing as a police officer from the Petaling Jaya District Police Headquarters. 'The victim was told that he was involved in a money laundering involving more than RM2 million, and an arrest warrant had been issued,' said Abang Zainal Abidin. Panicked by the threat of arrest, the victim was instructed to transfer money to several bank accounts to 'facilitate investigations.' He made 12 transactions totaling RM158,000 before realizing he had been scammed. The victim lodged a police report yesterday, and the case is being investigated under Section 420 of the Penal Code for cheating. Authorities urge the public to remain cautious of unsolicited calls demanding payments. - Bernama
New Straits Times
6 days ago
- New Straits Times
Ex-IT officer loses RM180,000 in FB job scam
KUANTAN: A former information technology officer lost her savings and gratuity totalling RM180,789 after falling victim to a non-existent part-time job scam advertised on Facebook earlier this month. The 42-year-old woman was deceived into believing that she needed to invest a certain amount as capital to participate in the online job scheme but ended up losing all her money. Acting district police chief Superintendent Mohd Adli Mat Daud said the victim was told she only needed to work online from home and could earn lucrative returns. "The woman was enticed by promises of large payouts for simply completing online tasks. "She was instructed to log in and click on a system, and each time she completed a task, payments were supposedly credited to her account. "However, she was asked to make an initial payment to qualify for job assignments, and failure to do so would disqualify her from the position," he said in a statement today. The victim made 18 transactions totalling RM180,789 into 16 different bank accounts between July 6 and July 16, he said. Adli said the woman realised she had been scammed when the fraudsters continued pressuring her for more payments, despite her having completed several tasks and receiving no income. He said the victim lodged a police report today and the case is being investigated under Section 420 of the Penal Code for cheating, which carries a jail term of up to 10 years, whipping, and a fine.
