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Insurance manager swallows 'lucrative returns' bait, losing over RM695,000 in scam
Insurance manager swallows 'lucrative returns' bait, losing over RM695,000 in scam

New Straits Times

time26-05-2025

  • Business
  • New Straits Times

Insurance manager swallows 'lucrative returns' bait, losing over RM695,000 in scam

KUANTAN: After earning RM900 profit from her first online investment, an insurance manager assumed she could rake in bigger returns. Little did the 60-year-old realise the profit was bait set by fraudsters that eventually caused her to lose RM695,000 comprising her savings and cash borrowed from friends. Pahang deputy police chief Datuk Azry Akmar Ayob said the victim from Bentong saw a Facebook advertisement offering the investment opportunity on April 2 this year. "(She contacted a woman) who introduced herself as 'Carmen Lee' claiming to be a representative of the company registered as 'Penunjuk Arah Kekayaan Malaysia'. "The victim was instructed to download an application and register her personal details. "On Feb 17, the woman made her first investment amounting to RM5,000 and received RM900 profit. "Assuming the deal was genuine (after receiving the RM900), the victim made another 22 transactions amounting to RM695,000 into several bank accounts," he said in a statement. Azry Akmar said, when the victim tried to withdraw her capital along with profit on Friday, she was informed that the process could only be completed on working days. He said the victim became suspicious about the investment scheme and realised that she had fallen victim to a scam, adding that the victim lodged a report yesterday. Azry Akmar advised the public to exercise caution and verify the phone, and account numbers at before carrying out any transactions.

Clerk loses over RM649,000 to Facebook investment scam
Clerk loses over RM649,000 to Facebook investment scam

The Sun

time21-05-2025

  • The Sun

Clerk loses over RM649,000 to Facebook investment scam

KUANTAN: A female clerk lost more than RM649,000 after falling victim to a non-existent investment scheme advertised on Facebook. Pahang deputy police chief Datuk Azry Akmar Ayob said the 52-year-old victim initially saw an advertisement for stock investments and, after expressing interest, was added to a WhatsApp group. 'The victim then made transactions using her savings between March 20 and May 9 to several company accounts provided by the suspect,' he said in a statement today. However, he said the victim began to realise she had been cheated after making all the money transfers, as the investments did not yield the promised returns. The woman lodged a police report at the Rompin district police headquarters yesterday, and the case is being investigated under Section 420 of the Penal Code. In this regard, Azry Akmar advised the public to exercise caution and thoroughly verify any investment schemes before getting involved, especially those promising lucrative returns in a short period. 'Do not be easily influenced and always ensure information is verified through legitimate channels such as to avoid becoming a victim of fraud,' he said.

Clerk loses nearly RM650,000 to investment scam
Clerk loses nearly RM650,000 to investment scam

The Star

time21-05-2025

  • The Star

Clerk loses nearly RM650,000 to investment scam

KUANTAN: A clerk has lost more than RM649,000 after falling victim to a non-existent investment scheme she saw advertised on Facebook. Pahang deputy police chief Deputy Comm Datuk Azry Akmar Ayob said the 52-year-old victim came across an advertisement for stock investments and, after expressing interest, was added to a WhatsApp group. "The victim then made transactions using her savings between March 20 and May 9 to several company accounts provided by the suspect,' he said in a statement on Wednesday (May 21). He said the victim realised she had been cheated when she did not receive the promised returns after making all the money transfers. She then lodged a police report at the Rompin district police headquarters on Tuesday (May 20), and the case is being investigated under Section 420 of the Penal Code. DCP Azry Akmar advised the public to exercise caution and thoroughly verify any investment schemes before getting involved, especially those promising lucrative returns in a short period. "Do not be easily influenced and always ensure information is verified through legitimate channels such as to avoid becoming a victim of fraud,' he said. – Bernama

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