Student loses RM19,000 to investment scam via WhatsApp

Student loses RM19,000 to investment scam via WhatsApp

Police say the student had used his father's EPF savings after receiving an investment message.

KEPALA BATAS:
A male student of a private college has lost RM18,983 after being cheated by a bogus investment syndicate promising ludicrous returns in one week.

Seberang Perai Utara police chief Noorzainy Mohd Noor said the victim was attracted by an investment advertisement received via a Whatsapp chat message on June 4 from an unknown person.

He made a call to the number of the WhatsApp account.

“In the subsequent conversation, a person claiming to be an investment agent asked the victim to deposit RM500 into a bank account whose number was provided,” he said.

He was then instructed to bank in a bigger amount of money to receive bigger returns, which he did up on 10 occasions, transferring funds amounting to a total of RM18,983 in Mak Mandin and Butterworth before realising that he had been conned.

The victim lodged a police report yesterday.

A police investigation found that the money was from the victim’s father who had just come into his Employee’s Provident Fund savings,” Noorzainy said.

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.