A hardware company boss got fleeced for nearly 830,000 ringgit after crooks lured him into a fake investment scheme. The 56-year-old businessman stumbled across a social media advertisement back in March that promised massive returns on investments. Scammers posing as investment agents convinced the victim to download an application called PHV View for participation. Police chief ACP Bahrin Mohd Noh from Kluang revealed how the con artists operated their elaborate fraud. The victim fell hook, line and sinker for the digital deception that would cost him hundreds of thousands.
Fraudsters milked the businessman for RM829,705 between early June and mid-July through multiple bank transfers. The victim sent cash in stages to five separate...