A 52-year-old company manager lost a staggering RM2.08 million after falling victim to a non-existent investment scheme that was advertised on Facebook.
It all started with a Facebook ad…
According to Kosmo!, Selangor Police Chief Datuk Hussien Omar Khan stated that the victim was drawn to an investment scheme called TWYAE Block, which he came across on Facebook back in August last year.
Interested in the offer, the victim was then added to a WhatsApp group named ‘Charles Portfolio Strategy Center’, allegedly managed by an individual named Charles.
“Invest here, transfer there…”
The victim was told to make nine separate transactions to nine different bank accounts, amounting to a jaw-dropping RM2.08 million as his “investment capital”.
But when he tried to withdraw his “earnings”, he was asked to cough up even more money, allegedly to release the profits.
That’s when it finally hit him—it was all a scam.
Investigation underway
Datuk Hussien confirmed that the case is now being investigated under Section 420 of the Penal Code for cheating.
He also revealed that the suspect’s method involved using online investment ads on Facebook to deceive potential victims with promises of unrealistic profits.
We advise the public to remain cautious of investment schemes promoted on social media, especially those offering unreasonable returns,” he said.
Those who suspect they may be targeted by scammers are encouraged to contact the National Scam Response Center (NSRC) at 997 for verification or to lodge a report.
Read more:
