A 39-year-old manager fell victim to a WhatsApp-based investment fraud scheme that cost him RM262,669. Seri Alam police received the complaint yesterday after the victim recognized the deception. The scam began last April when an attractive stock investment advertisement appeared on the messaging platform. Fraudsters promised substantial returns within minimal timeframes to entice potential victims. Between April 25 and July 4, the man completed 16 separate transfers to two bank accounts.
Criminals later demanded additional payments before releasing supposed investment profits. The victim never received any returns despite multiple fund transfers. Police investigations through the Semak Mule platform revealed that one target account had previous fraud connections. Authorities pursue the case under Penal Code Section 420 while examining the mule account usage. Officials advise citizens to verify investment opportunities through the Securities Commission Malaysia before committing funds and report suspected fraud to the National Scam Response Centre at 997.
Criminals later demanded additional payments before releasing supposed investment profits. The victim never received any returns despite multiple fund transfers. Police investigations through the Semak Mule platform revealed that one target account had previous fraud connections. Authorities pursue the case under Penal Code Section 420 while examining the mule account usage. Officials advise citizens to verify investment opportunities through the Securities Commission Malaysia before committing funds and report suspected fraud to the National Scam Response Centre at 997.
