60yo M’sian Woman Loses RM3.4mil In Forex Scam

Who wouldn’t jump at the opportunity when offered the golden chance to become rich with minimal effort? But beware, such offers often come at a huge price as most turn out to be fake.

An elderly woman in Negri Sembilan was bled dry of her money after she fell victim to a foreign investment (forex) scam which saw her lose a staggering RM3.4 million.

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60yo M’sian woman loses RM3.4mil in forex scam

According to the Malay daily Harian Metro, the victim was a 60-year-old woman who recently filed a police report last night over the incident.

Nilai district police chief Superintendent Abdul Malik Hasim said she filed the report after she realised that she had fallen for a scam.

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Photo via The Star

“In the police report, the victim said she received a text message from an unknown number on Jan 22 offering her a forex investment scheme which would bring in high profits.

The complainant then made 60 transactions totaling RM3,460,000 to various accounts provided by the suspect.

“However, the victim realised she was deceived after checking the investment website and found that it didn’t exist,” he said.

Forex trading
For illustration purposes only. Photo via Canva

Abdul Malik said the Nilai Commercial Crime Investigation Department (BSJKD) had opened an investigation paper under Section 420 of the Penal Code for cheating and is currently working to locate the suspect to aid further investigation.

“The public is advised to conduct checks with the authorities and Bank Negara Malaysia (BNM) before joining any investment or get-rich-quick schemes to avoid falling victim to fraud,” he said.

As the old adage goes: ‘If it’s too good to be true, it probably is!’


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