Retiree cheated of RM525,000 in fake cryptocurrency investment after responding to Facebook advertisement

KUALA TERENGGANU, Sept 29 — A 71-year-old retiree lost RM525,000 after falling prey to a syndicate running a fake cryptocurrency investment scheme.

Author

Team Themez

Date

September 29, 2025

Read

Local

KUALA TERENGGANU, Sept 29 — A 71-year-old retiree lost RM525,000 after falling prey to a syndicate running a fake cryptocurrency investment scheme.

District police chief ACP Azli Mohd Noor said the victim first encountered the investment advertisement on Facebook on May 23.

Persuaded by promises of a USD500,000 return, the retiree communicated with the suspect online and eventually transferred RM525,000 in seven transactions between Aug 20 and 27, using his retirement savings.

“The case is being investigated under Section 420 of the Penal Code,” Azli said in a statement today. — Bernama

A retiree lost RM525,000 after being deceived by a syndicate operating a non-existent cryptocurrency investment. — Max Pixel pic

Latest

See All

December 4, 2025

Local

Police: Former accountant duped by TikTok investment scam, loses more than RM460,000

Text

Team Themez

Read

November 12, 2025

Local

Guan Eng succeeds in bid to remove parts of MACC officer’s testimony in undersea tunnel case

KUALA LUMPUR, Nov 12 — The Sessions Court today allowed former Penang Chief Minister Lim Guan Eng’s application to delete parts of several sentences in the witness statement of a Malaysian Anti-Corruption Commission (MACC) officer in his undersea tunnel corruption trial.

Text

Team Themez

Read

October 28, 2025

World

Swiss Moto3 rider Noah Dettwiler in critical but stable condition following Sepang crash

PARIS, Oct 28 — Swiss Moto3 rider Noah Dettwiler, who was seriously injured in a crash during the Malaysian MotoGP weekend, is in a stable but critical condition, his team and family said on Monday.

Text

Team Themez

Read