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Elderly man who believed in high returns was defrauded of NT $ 300,000

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(Kuantan, Malaysia, 10th ) A 63 -year- old man surrendered himself to the police after investing online and was defrauded of RM300,378 ( about USD67,600 ).

Pahang State Police Chief Datuk Seri Yaha also said that the victim saw an investment message on Facebook in November last year, so he registered on the website. During this period, he transferred money to 9 different bank accounts in 10 times.

Receive NT$ 20,000 in return and remit the money for investment

" The victim made his first transfer on November 25 last year, and his last transfer on February 5 this year . The victim received a return of RM20,698 (about US$ 4,659 ) in January this year , but he continued to remit money for investment. He realized he had been cheated when he did not receive any money afterwards. " Yeha also called on the public not to easily believe the temptation of high returns from online investment. The police have received many cases of investment scams, causing many victims to suffer huge financial losses . He urged the public to be cautious and go through the official website before participating in any investment plan .