Beware & Protect Yourself 08 (Feb 24 - Dec 25)

[behappyalways]

Woman allegedly loses life savings overnight after joining FB 'hiking group' and instructed to install app
https://www.stomp.sg/singapore-seen/wom ... apore-seen

[winston]

Insurance agent and retiree lose RM2.35mil to online scams

According to the insurance agent, he saw a stock investment advertisement promising high returns on Facebook in December.

“The victim then contacted a female suspect via WhatsApp.

“The investment offered various packages with promises of lucrative returns.

“The victim downloaded the stock investment application and on Dec 30, made the first transfer of RM9,999. He earned a profit of RM18,400,” Comm Hamzah said in a statement yesterday, Bernama reported.

He said the victim’s confidence grew in the investment and he subsequently made 35 fund transfers between Feb 17 and April 24 into seven bank accounts belonging to different companies totalling RM1,495,176.

The man only realised he had been a victim of fraud after failing to withdraw profits from the investment app and was even asked to make an additional payment.

A 73-year-old retired accountant at a factory filed a police report at the George Town district police headquarters on Saturday after falling victim to an online investment scam involving a loss of RM855,001.

“According to the victim, he saw an advertisement on cryptocurrency investment that offered high profits in a short period of time on Facebook in March.

“The elderly person clicked on the advertisement link before contacting a female suspect via WhatsApp,” he said.

Comm Hamzah said the victim downloaded the investment application before making 14 transactions to five bank accounts belonging to different companies from April 15 to June 11, but did not receive any profits.

Source: The Star

https://www.thestar.com.my/news/nation/ ... line-scams

[winston]

Finance officer loses RM4.17mil in online investment scam

By Imran Hilmy

The victim saw an advertisement for an investment under the name of KKR Investment on Facebook.

The victim clicked on the link in the advertisement and communicated with a woman via WhatsApp. The victim was then added to a WhatsApp group named 'Kumpulan Analysis Kewangan Saham Malaysia'.

the victim was interested in joining and was instructed to download an application called KKR INV through a provided link, register as a member, and make an investment.

Between March 10 and June 13, the victim made 76 transactions into eight different company bank accounts, amounting to RM4.17mil.

"The victim realised she had been duped when she could not withdraw from the application, which showed the profit she had earned".

Source: The Star

https://www.thestar.com.my/news/nation/ ... tment-scam