Retired Teacher Loses RM2,500 to Online Investment Scam

A retired teacher from Malaysia lost RM2,500 last week when he fell victim to an online investment scam.

One day, the retired teacher found himself somehow joining a Telegram group chat, but he became interested in the investment topics the group members were discussing.

_{The group members were discussing the so-called investment scheme}

The group administrator encouraged him to join the investment scheme as well, and also promised insane profits of up to 300%.

_{The scammer promised lucrative returns}

Even though the victim didn't know much about investing or how to trade, attracted by the administrator's words, he joined the investment scheme and transferred RM1,500 to a bank account designated by the scammer.

Not long after, the scammer claimed that his balance had reached RM60,000 and that he could withdraw the funds by paying additional fee. The victim immediately paid the fee as requested.

_{Fake account balance}

However, a few hours later, the admin still withheld the withdrawal and asked the investor to pay more.

The victim sensed that something was wrong and told his friend about it. At the friend's reminder, he realized that he had been cheated.