Expecting RM4.5m profit, Kluang company director downloads ‘PHV View’ investment app, loses RM830,000 to scammers
A 56-year-old trader in Kluang, Malaysia, lost over RM829,000 to an online investment scam. He responded to a social media ad in March and downloaded the 'PHV View' app. Between June and July, he transferred the funds to five different accounts, expecting a return of over RM4.6 million. When asked to pay more to withdraw his supposed profits, he realized it was a scam and filed a police report. The case is being investigated for cheating.