65- year -old Malaysian taxi driver was attracted by high-return stock investments and was defrauded of more than RM140,000 (about US$33,200) of his hard-earned money in just over a month . The 65 - year -old Malaysian local man was attracted by a cryptocurrency investment advertisement while browsing Facebook on October 20 last year and immediately clicked on the link. The victim believed that the fraudster could make high profits for him in a short period of time, and then transferred money 10 times to 8 different bank accounts designated by the other party between November 22 last year and January 6 this year .
The victim realized that he had been defrauded only when he learned that he needed to make additional transfers to withdraw his investment profits . Assistant Commissioner Mohammad Suhaimi, the head of the Sibu police district, issued a statement today to confirm that the police received the above report on the 8th of this month. A 65- year-old Malaysian taxi driver believed the stock investment advertisement on Facebook and was defrauded of RM147,604 ( about US $ 33,200 ).
conducted a preliminary investigation through the mobile application " Semal Mule CCID" and found that among the eight bank accounts, seven of them had more than 27 investment fraud records.
" Police are investigating the case under Section 420 of the Penal Code (cheating), which carries a maximum jail term of 10 years, caning and a fine. "