A 74-year-old American consultant was cheated of RM664,278 in a sophisticated online investment fraud involving multiple applications and bank accounts.
KUALA LUMPUR: An American consultant and part-time lecturer was cheated of RM664,278 in an online investment scam. The 74-year-old victim lodged a police report last Friday.
Wangsa Maju district police chief ACP Mohamad Lazim Ismail said the victim began participating in the scheme via the Moo Moo Chat application in November last year. He was then directed to communicate with a local woman through WhatsApp to discuss investment matters.
“The suspect then guided the complainant to download another application known as ‘Bos Pro’ for investment purposes,” Mohamad Lazim said in a statement.
Lured by promises of high returns, the victim made phased money transfers into 11 different bank accounts provided by the suspect. The total amount transferred was RM664,278.
The victim only realised he had been cheated after failing to withdraw the promised profits on Jan 30. The case is being investigated under Section 420 of the Penal Code for cheating.