KUALA LUMPUR, Feb 23 — An American consultant and part-time lecturer lost RM664,278 after being duped by an online investment scam syndicate.
Wangsa Maju district police chief ACP Mohamad Lazim Ismail said police received a report from the 74-year-old victim on Friday (February 20).
He said the victim began participating in the investment scheme via the Moo Moo Chat application in November last year, before contacting a local woman on WhatsApp to discuss investment matters.
“The suspect then guided the complainant to download another application known as ‘Bos Pro’ for investment purposes,” Lazim said in a statement today.
Lured by promises of high returns, the victim made phased money transfers totalling RM664,278 to 11 bank accounts provided by the suspect.
He added that the victim realised he had been cheated after failing to withdraw the promised profits on January 30.
The case is being investigated under Section 420 of the Penal Code for cheating.
