Looking for a quick way to make money with minimal effort? We’ve all been tempted by offers that seem too good to be true. Unfortunately, many people fall victim to scams despite their suspicions. One recent example involves a bank officer in Pahang, who thought he had found a once-in-a-lifetime opportunity. As it turns out, he ended up losing RM102,700 after investing in a fraudulent “investment scheme” advertised on Facebook. Let’s take a closer look at this alarming incident.
Verdict:
TRUE
According to the Pahang police, the 32-year-old bank officer came across an advertisement on Facebook on June 2. The ad appeared to be from a reputable bookstore and offered customers free books on investment in exchange for their personal information. Intrigued, the victim willingly provided his details and was then directed to sign up for a stock trading platform.
“After clicking on the link, the victim was then invited to trade on the ‘PSLUS’ platform,” explained Pahang police chief Datuk Yahaya Othman.
“He received a notification that he had made a 30% profit on his RM100,000 investment. Encouraged by this initial success, the victim proceeded to make 12 more transactions across six different bank accounts over a period of three weeks,” added Yahaya.
This unfortunate incident serves as a reminder that it’s crucial not to be easily fooled by get-rich-quick scams related to investments. To protect yourself, Yahaya advises referring to Bank Negara’s website for information on known scams (www.bnm.gov.my/financial-consumer-alert- list), as well as the Securities Commission’s website (www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list).
Reference:
Credit: The Star : News Feed
