Senior Citizen Targeted by Investment Fraud
JOHOR BARU: A 61-year-old New Zealand man was scammed out of RM216,000 in an online investment scheme. He lodged a police report on Nov 28, stating that he was contacted on Oct 2 by a man identifying himself as “Michael Wong.”
Promises of High Returns Drive Investment
The scammer introduced a website, https://m.worldcoinkk.com, which advertised monthly returns of 3%-5%. Believing the claims, the victim made 27 online transfers between Oct 3 and Oct 25 to an account belonging to SPB International Sdn. Bhd.
Life Savings Lost to Fraud
When Wong asked for more money, the victim refused and realized he had been defrauded. He had invested his entire life savings without receiving any returns, a devastating financial loss.
Police Pursue Scammers Under Penal Code
The authorities are investigating the case under Section 420 of the Penal Code, which carries severe penalties, including imprisonment, caning, and fines. Investigators are also probing the involvement of “money mules” linked to the scam.
Officials Warn Against Online Scams
ACP Balveer Singh advised the public to remain vigilant about online scams, particularly those promising quick financial rewards. He highlighted tools such as Semak Mule and NSRC’s 997 hotline to assist in identifying fraudulent accounts.