SIBU – A housewife in her late 60s from Sarikei has lost about RM540,000 to an online investment scam.
State police commissioner Datuk Mohd Azman Ahmad Sapri said on October 2, the woman came across an advertisement on Facebook and contacted the suspect known as “Koon Yew Yin” through WhatsApp.
“The victim was interested in learning about shares and then clicked on a link https://Lfmstock.com provided by the suspect to invest in stocks,” he said in a statement.
He said the suspect offered himself as an agent to help the victim purchase shares on the stock exchange for Syarikat Minox International Group Bhd and Syarikat SSF Home Group Bhd.
He said the victim was promised a lucrative return of 50% to 100% within a short period.
“The victim then made 11 money transfers of approximately RM540,000 to three different bank accounts given to her in the first two weeks of this month.”
Azman said the victim only realised she had been duped when the suspect asked for additional payments, even though she had yet to receive any returns on her investment.
She then lodged a police report yesterday at the Sarikei police station.
Azman advised the public to only invest in legitimate platforms and companies registered with Bank Negara Malaysia and the Securities Commission of Malaysia.
He said the public should only get financial advice from registered agents.
“Never click on a link or download an unknown android package kit. Do not put your money into a bank account that has no relation to the investment you made.” – October 27, 2023