Telegram Group Investment Scam in Malaysia Reveals Another Victim

Trading financial products can sometimes be lucrative for investors, but no one can make a fortune without risk. If you are promised “high profits and no risk”, beware, the scammers are ready to make you a prey in the trap.

Hamdan had little experience in trading as his last involvement in investment was about 20 years ago. In early November, he accidentally found a Telegram group named ‘Platform Pelaburan Menjana Untung’ and became interested in the investment opportunities shared by the group members.

The group's administrator, Riduan Bin Seman, who claimed to be “responsible for depositing members”, introduced him to the so-called investment scheme and promised attractive returns.

_{Scammer pretended to be another investor who was eager to join the investment scheme}

Hamdan was so impressed by the others who were making profits and transferred RM300 to the administrator to join the game.

In less than an hour, the scammer sent a screenshot of the account, claiming that the investor had made RM150,000 in profit. However, if he wanted to withdraw, he had to pay for it.

_{Fabricated trading account and balance}

Hamdan did not hesitate to transfer another RM7,000 to Riduan. However, the scammer did not let him have the profit even after receiving the money.

Hamdan talked to his friend about the situation and realized it was a scam after his friend reminded him of it. At the same time, the RM7,300 in the hands of the scammers would be difficult to recover.