KUANTAN: After earning a profit of RM15 from her first online investment, a retiree believed she was destined for "bigger returns" and decided to use up her hard-earned savings.
However, the profit was merely bait, which led the 63-year-old woman to losing RM134,960 of her savings in just nine days to a non-existent investment scheme.
Pahang police chief Datuk Seri Yahaya Othman said the victim came across a TikTok investment scheme on Dec 10 and was lured by promises of huge returns.
"The victim, who expressed interest in joining the scheme, was provided with a link to join the 'B1VIP' Telegram channel. She invested RM30, and RM45 was then deposited into her bank account.
"Assuming the scheme was genuine, she decided to invest a larger amount and proceeded to make 12 transactions, totalling RM134,960, into nine bank accounts as instructed by the investment agent. She used her savings to join the scheme," he said today.
Yahaya said the victim lodged a police report yesterday after realising that she had been cheated.
The case is being investigated under Section 420 of the Penal Code for cheating.
Yahaya reminded the public not to be easily duped by online investment schemes that promise huge returns and to use https://semakmule.rmp.gov.my to verify bank account numbers before making any transaction.