Kuala Lumpur: An elderly woman reportedly lost more than RM10 million after falling victim to a fraudulent cryptocurrency investment scheme, according to Bukit Aman’s commercial crime investigation department (CCID).
CCID director Ramli Yoosuf said based on a police report filed yesterday the 80-year-old retiree entered the investment scheme after being added to a WhatsApp group that promoted it.
“Through the group, the complainant engaged with a man who allegedly would advance his money for the purchase of cryptocurrency and she was asked to make a repayment once the transaction was successful,” he said in a statement today.
Deceived by the tactics, the complainant made 13 payments totalling RM10 million to several bank accounts under the names of eight different companies.
SPONSORED CONTENT RM20bil green steel project: Sabah on its way to adopting green technology, says Hajiji Kota Kinabalu: Chief Minister Datuk Seri Hajiji Noor said Sabah is well on its way to fully adopting the green technology revolution with a RM20 billion green steel project at the Sipitang Oil and Gas Industrial Park (Sogip). Read more She began to doubt the authenticity of the investment when asked to make additional payments for various reasons, he added.
Ramli said the case was being investigated for cheating under Section 420 of the Penal Code.
He repeated police advice not to trust online investment offers promoted on social media.
“Check with agencies, including Bank Negara Malaysia and the Securities Commission Malaysia, first,” he said.
For further advice or information, the public can contact the nearest police station or the CCID Infoline at 013-2111-222.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.