of a generous return , and were defrauded of RM766,788 ( about US $ 172,600 ) in just one month !
Pahang Police Chief Datuk Seri Yahya issued a statement today saying that the Kuantan police received a report from a 34- year-old male company executive who said that he met a woman who called herself Yu through Facebook in February and, under the latter's lobbying, logged into a webpage to participate in a gold investment project that promised high returns.
" After the victim initially invested RM5,000 (about US$ 1,125.5 ) to test the waters and received a return of RM5,700 (about US$1,283.07), his confidence increased greatly. As a result, he made 37 remittances to five different bank accounts between February 12 and the 16th of this month , with a total remittance amount of RM766,788 ( about US$ 172,600 ), but was unable to withdraw the principal and the promised profit. " " The investigation found that the victim was defrauded of money from his own savings, as well as loans from his mother and banks. The police will investigate the case under Section 420 of the Penal Code (cheating). " - return investments.