JOHOR BARU: It took a 63-year-old woman years to save RM88,000 to enjoy her retirement and just three months to lose it all in a fake investment scheme.
The woman's troubles began when she was introduced to the online investment scheme by a stranger via WhatsApp on Oct 16.
Lured by the promise of lucrative returns and hoping to double her life savings quickly, the woman joined the scheme after the stranger explained it in detail.
Johor Bahru (north) police chief, Assistant Commissioner Balveer Singh said the woman then made three transactions to two bank accounts between Oct 16 and Dec 16, amounting to RM88,000.
However, when she wanted to withdraw her profits which were reflected on the investment website, she was told she needed to make additional payments.
Realising she had been duped, the woman lodged a police report.