Kuching accounts clerk loses RM622,320 in online stock investment scam
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A 53-year-old accounts clerk in Kuching lost RM622,320 to an online stock investment scam.
Padawan District Police Chief Supt Barry William said the woman joined the scheme in mid-June after clicking a link and downloading an app.
She then made 15 transactions involving six different bank accounts, all from her personal savings.
At first she received a profit of RM1,120. That was the bait — she was then told to pay more to grow her investment.
But when she tried to withdraw the profits shown in the app, she couldn't. That's when she realised it was a scam.
The transactions happened between June 14 and July 23. The case is being investigated under Section 420 of the Penal Code for cheating.
Police advise the public to verify any investment platform before transferring money, and to be wary of apps that promise quick returns.
Location: Kuching (Padawan)
Case: Section 420 Penal Code — cheating
Source: Borneo PostRM622K gone in two months. Have you or someone you know ever been approached by these investment schemes? What do you think?
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