A Miri man loses RM233,950 in a fake stock investment scam

Nearly a quarter million ringgit vanished after a fake stock site dangled easy cash and kept squeezing for more.

Miri online stock scam fallout

• Miri police chief ACP Mohd Farhan Lee Abdullah logged the report.
• Victim, in his early 30s, stumbled onto quantumone.asia.
• October 2025 browsing turned into opening a trading account.
• WhatsApp group screenshots hyped up wild profit bragging.

How the cash spiral happened

• Initial RM100 punt allegedly flipped into RM700.
• Hooked by that bump, he kept wiring bigger amounts.
• Over 27 transfers hit 21 separate bank accounts.
• Payments kept getting demanded while profits never landed.

Legal action and public warning

• Authorities are probing the mess under Section 420 of the Penal Code.
• Mohd Farhan pushed people to double-check flashy investment pitches.
• Bank Negara Malaysia and Securities Commission Malaysia sites were flagged for verification.
• National Scam Response Centre at 997 was named as the help line.