A 55-year-old Malaysian woman from Kulai has lost a staggering RM916,700 after she was lured into an investment scheme promising impossibly high returns within just 24 hours.
Kulai District Police Chief Assistant Commissioner Tan Seng Lee revealed that the woman lodged a police report yesterday, claiming she had been scammed out of nearly RM1 million.
Promised 30–40% profit in a day
According to the police, the victim first became interested after learning about an investment platform that allegedly guaranteed 30 to 40 per cent profit in just 24 hours.
The suspect also told her that all earnings would be credited into her personal investment application account, known as RGFO Maxx.
Attracted by the “too good to be true” returns, the victim proceeded to make 35 payment transactions amounting to RM916,700, transferring the money into four different local bank accounts between 2 October and 11 November.
App showed RM5.4 million ‘profit’
When she checked her RGFO Maxx account, she was stunned to see a displayed profit of RM5,435,748, an amount big enough to make anyone believe they had struck gold.
But the illusion shattered when she tried to withdraw the money.
The woman discovered that her RGFO Maxx account had been blocked, and she could no longer access any of the supposed earnings. It was then she realised she had been scammed all along.
Police investigating
The case is now being investigated under Section 420 of the Penal Code for cheating involving a nonexistent investment scheme.
Police once again reminded the public to be cautious of investment offers that promise high and instant returns because if it sounds too good to be true, it probably is.
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