KUCHING: A manager was duped of RM300,000 in an online investment scam recently.
Sarawak Police Commissioner Datuk Mancha Ata said that the man in his 60s came across an cryptocurrency investment advertisement on Facebook in mid-October 2024, while at home.
The victim ordeal starts when he clicked on the link provided before being added to a WhatsApp group named 13ADream Vault and interacted with several unknown individuals (the suspects).
“The suspects then instructed him to download an application called UVKXE to monitor and guide him in cryptocurrency investments,” he said in a statement yesterday (Nov 29).
The victim then made several money transfers in stages to a bank account provided by the suspects, amounting to approximately RM300,000.
“The victim realised he had been scammed when he could not withdraw the promised returns from the UVKXE application,” he said.
The case is being investigated under Section 420 of the Penal Code.
Mancha advised the public not to easily trust online job offers advertised on social media that promise excessively high commissions.
Similarly, caution should be exercised with investment opportunities promoted on social media platforms. It is important to conduct thorough research before committing to any investment.
To verify the legitimacy of companies and websites, individuals are encouraged to consult official resources. This includes visiting the Bank Negara Malaysia (BNM) website at www.bnm.gov.my or https://www.bnm.gov.my or contacting BNM TELELINK at 1-300-88-5465.
The Securities Commission Malaysia (SC) also provides verification services, accessible via their website at www.sc.com.my or https://www.sc.com.my or by calling 03-6204 8999.
“For the latest updates and information on scam methods, the public is encouraged to follow the official social media accounts of the Commercial Crime Investigation Department (CCID) on Facebook, Instagram, and TikTok at @JSJKPDRM and @CyberCrimeAlertRMP,” he said.
