One Malaysian living in Australia has been swindled out of RM846,500 in a phony investment scheme, according to Seri Alam OCPD Supt Mohd Sohaimi Ishak. The victim was lured in with promises of a US$100,000 return on investment (ROI) within three hours.
According to Supt Mohd Sohaimi, the deception began on Sept 16, when the 49-year-old victim transferred US$18,000 to a company called TMGM through its website. He mentioned that the offer was presented by the scammer in conjunction with the company’s “10th anniversary”.
The victim ended up making 12 transactions adding up to RM846,500 to three different Malaysian banks between Sept 16 and 26. “However, he did not receive any profit after making the payments and realised he had been cheated,” said Supt Mohd Sohaimi. He further stated that a police report was filed by a lawyer representing the victim on November 3, and that the case is being looked into under Section 420 of the Penal Code for cheating.
Supt Mohd Sohaimi also said that the investigation could potentially lead to punitive measures against the account holders if they are found to be working for the scammers. “We are still (looking into) the nature of the victim’s job in Australia,” he added.
