A restaurant owner incurred losses amounting to RM413,522 after allegedly falling victim to a scam involving a Bitcoin investment. — Reuters file pic
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Saturday, 27 Jan 2024 5:24 PM MYT
JOHOR BARU, Jan 27 — A restaurant owner incurred losses amounting to RM413,522 after allegedly falling victim to a scam involving a Bitcoin investment advertised on Facebook.
Iskandar Puteri District Police Chief ACP Rahmat Ariffin said the 56-year-old local man lodged a police report in Johor Bahru yesterday (Jan 26).
He said that the victim registered through a link on Facebook and contacted an individual believed to be a local resident to make payment.
“The victim, in total, paid RM413,522 to nine different accounts from November last year until January this year.
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“Within two months of making the investment, the victim found that the profit had increased by US$ 1.5 million (RM7.1 million) through an application. However, the individual informed the victim that he needed to pay RM176,575 for the withdrawal process,” he said in a statement today.
However, he added that the victim felt deceived after being unable to withdraw the investment profits and subsequently filed a police report.
Rahmat said the case is being investigated under Section 420 of the Penal Code. — Bernama
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