He said 300,000 were locals while the rest were foreigners.
Based on initial investigations, he said the smallest investment made by investors was RM4,500, adding that there were victims who had invested up to RM100,000.
“So far, the police have only received less than 10 police reports on the investment scheme. We want more victims to come forward to report,” he told a media conference after opening the 2017 Commercial Crime Awareness Campaign in conjunction with the 210th Police Day at Jakel Mall here today.
On Tuesday, three local men believed to be involved in JJPTR, including its mastermind, were detained in Petaling Jaya to facilitate investigations.
Acryl Sani said losses in fraud cases such as get-rich-quick schemes and love scams exceeded RM1 billion annually.
“I believe the losses could be higher as many victims did not lodge police reports. The victims involved should not feel embarrassed in making reports as the police keep their sensitive information secret,” he said.