A 71-year-old retired accountant in Johor Bahru lost RM317,000 to a stock investment scam advertised on Facebook. The victim was lured by the promise of 20% returns and made 22 transactions into seven different accounts between March 23 and May 8. He realized he was scammed when asked for additional payment before receiving his supposed RM3.42 million profit. Police investigations revealed six of the seven accounts linked to 70 previous scam reports. The case is being investigated under Section 420 of the Penal Code.
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