(Miri, 4th) A retired man in his 50s from Miri fell victim to a fake investment scam, losing as much as 586,450 MYR. The police have received a report and launched an investigation under Section 420 of the Penal Code.
Miri District Police Chief ACP Mohd Farhan Lee Abdullah released a statement today, stating that the report of the "fake investment scheme" was filed by the victim on the 2nd of this month with the Miri Commercial Crime Investigation Department (BSJKD).
According to the statement, the victim initially received a message via WhatsApp from an unknown person claiming to be a representative of the "EVR Investment Academy" and invited the victim to join an investment group to participate in stock investment webinars held every Sunday to Thursday from 8 PM to 9 PM via Zoom.
After a series of "professional explanations," the victim was asked to download a trading platform called "QC Secure" and was persuaded to open a so-called DMA account with special trading privileges. Additionally, the victim was introduced to invest in the "QTI Luxaigo" artificial intelligence project, which eventually led to a substantial loss.
Upon further verification, the victim discovered that "PJT Investment Academy" and "Boom-S Trading Platform" did not exist and realized he had fallen for a scam.
The police are investigating the case under Section 420 of the Penal Code (cheating), which carries a penalty of imprisonment of not less than a year and not more than ten years, and caning and a fine if convicted.
Mohd Farhan advised the public to be vigilant and not to easily trust investment opportunities offered by strangers and not to disclose bank account and financial information. He reminded the public to verify if they receive calls claiming to be friends, law enforcement, or court officials, to avoid being conned.
He also encouraged the public to call the National Scam Response Center (NSRC) hotline at 997 for assistance if they suspect they are victims of a scam. The public can also check suspicious accounts or phone numbers on the police website http://semakmule.rmp.gov.my.
The police also urged the public to follow the Commercial Crime Investigation Department (CCID) and Cyber Crime Alert page for the latest scam tactics.
Miri District Police Chief ACP Mohd Farhan Lee Abdullah released a statement today, stating that the report of the "fake investment scheme" was filed by the victim on the 2nd of this month with the Miri Commercial Crime Investigation Department (BSJKD).
According to the statement, the victim initially received a message via WhatsApp from an unknown person claiming to be a representative of the "EVR Investment Academy" and invited the victim to join an investment group to participate in stock investment webinars held every Sunday to Thursday from 8 PM to 9 PM via Zoom.
After a series of "professional explanations," the victim was asked to download a trading platform called "QC Secure" and was persuaded to open a so-called DMA account with special trading privileges. Additionally, the victim was introduced to invest in the "QTI Luxaigo" artificial intelligence project, which eventually led to a substantial loss.
Upon further verification, the victim discovered that "PJT Investment Academy" and "Boom-S Trading Platform" did not exist and realized he had fallen for a scam.
The police are investigating the case under Section 420 of the Penal Code (cheating), which carries a penalty of imprisonment of not less than a year and not more than ten years, and caning and a fine if convicted.
Mohd Farhan advised the public to be vigilant and not to easily trust investment opportunities offered by strangers and not to disclose bank account and financial information. He reminded the public to verify if they receive calls claiming to be friends, law enforcement, or court officials, to avoid being conned.
He also encouraged the public to call the National Scam Response Center (NSRC) hotline at 997 for assistance if they suspect they are victims of a scam. The public can also check suspicious accounts or phone numbers on the police website http://semakmule.rmp.gov.my.
The police also urged the public to follow the Commercial Crime Investigation Department (CCID) and Cyber Crime Alert page for the latest scam tactics.