AI Summary
A 55-year-old factory engineer in Penang, Malaysia lost RM300,000 (approximately USD 67,000) to an online investment scam involving an app called NBMAX. The victim connected with a suspected female scammer via WhatsApp after seeing a Facebook ad in early April. The investment promised high returns in a short time. The victim downloaded the app, registered, and made seven transactions to NB Management Sdn. Bhd. The scam was discovered when the victim tried to deposit more money at a bank, which blocked the transaction and alerted him to the fraud. Police are investigating the case under Section 420 of the Penal Code for cheating.
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