Investment Scam Starts with Dating App: Victim of Pig-Butchering Scam Loses over RM100,000

A saleswoman from Malaysia lost more than RM100,000 to an online investment scam.

According to Malaysian police, the victim, a 30-year-old woman, reported the case to the police on April 24th. It was reported that the scammer posed as senior executive of a well-known group and tricked her into participating in the investment.

On January 11, the victimized woman met the suspect on a dating app. The other said his name was Lucian Lee Hao Yu, an engineer and director of a well-known company.

Later, the two continued to chat through WhatsApp. Until one day, the suspect introduced a private placement scheme to the victim.

The victim was convinced to register a trading account through the website he provided, privatemutuallg.com.

Within only one month, the victim made 12 transactions amounting to RM102,992 to three different bank accounts. She was even persuaded by the scammer to take out a loan to “invest”.

Eventually, the victim did not get any penny in return. The case is being investigated by the police after receiving a report from the woman.