Scam Alert: Strange Telegram Group Cheats an Investor Out of RM5,500

In Malaysia, investment scam stories often start with a strange investment group.

Last month, Malaysian investor Abdul Rashid was scammed out of RM5,000 by a fake investment scheme. He followed the investment advice of an administrator from an investment group, not realizing that the admin was actually a scammer.

According to the victim, one day, he found himself invited into an investment group with hundreds of members named “TRADER PRO SYARIAH.” Everyone in the group seemed to be making money from the same investment scheme.

_{The fake investment scheme 'ProTrader' promised unrealistic profit}

A woman showed a photo shot in a jewelry store. She brought a lot of cash and said she wanted to buy some jewelry with the profit earned from the investment scheme. Besides, the woman thanked the administrator, saying that she was lucky to invest under the guidance of the admin

After the compliment, the administrator continued to “help” other people in the group to deal with the tradings.

_{Scammers pretended to be investors (Translated by Google Translate)}

After observing the group for a few days, Rashid became interested in the investment scheme and asked the administrator about the details.

According to the administrator, the platform “Pro Trader” could earn RM10,000 for him with only RM500. The investor transferred RM500 to a designated bank account and let the staff trade on his behalf.

_{The profile of the investment group and its administrator}

Within a few hours, the scammer sent a screenshot saying that Rashid's trading account balance reached $2,400. However, a fee had to be paid before the profit could be withdrawn.

The investor was skeptical, but thinking of the substantial profits in his account, he agreed to pay and transferred RM5,000 to a bank account designated by the scammer.

However, after receiving the money, the scammer did not give the profits as promised. Instead, he went further, claiming other payments were not yet done. Faced with such unreasonable demands, Rashid realized that he had been cheated.

_{The screenshot made the victim believe he has $2000+ profits in his account}

Although Rashid asked the administrator to repay him as promised, it was in vain. At last, he was kicked out of the investment group. After all, it is almost impossible to get the money back from the scammer's pocket.

Unfortunately, such investment scam groups are not rare to see in Malaysia. Many victims mistake that they come across a great investment opportunity, not realizing that the scammers are taking advantage of people’s desire for wealth, especially those who do not know about the financial markets.

When you find unfamiliar groups in social media or message apps such as WhatsApp, Telegram, etc., it is advisable to delete the conversation and exit the group immediately. Do not give a response, and do not accept investment offers from strangers.