BUKIT MERTAJAM: An engineer working in the Middle East lost over RM1.5 million to an online investment scam recently.
Penang police chief Hamzah Ahmad said the victim, 40, got to know a woman through the phone in November last year and had a relationship with her.
“The woman invited him to join an investment scheme called Golden Crimson that offered handsome returns. The man invested RM90,510 and received returns of RM108,611,” said Hamzah.
The man grew confident in the scheme and made 103 transactions with 31 different accounts totalling more than RM1.5 million from December to March and realised he was scammed when he failed to withdraw his profits of RM4.1 million through the app but was asked instead to provide additional capital to be able to withdraw.