Latest news with #888
Barnama
2 days ago
- Barnama
Man Loses Over RM260,000 To Online Investment Scam On Facebook
JOHOR BAHRU, 22 July (Bernama) -- A 57-year-old local man lost RM267,888 after he was believed to have fallen victim to an online investment scam syndicate advertised through the Facebook application. Johor Bahru Selatan district police chief ACP Raub Selamat said the report regarding the incident was lodged by the victim at the Pelangi Indah police station on July 21 (yesterday) after realising he had been duped by an individual posing as an investment agent. Initial investigations revealed that the victim was drawn to an investment advertisement displayed on Facebook before contacting a woman who introduced herself as 'Olivia Leong' via the WhatsApp application. The suspect deceived the victim by promising investment returns of up to 80 per cent in a short period. The victim was then instructed to download an application and deal with an individual named 'George' for the transaction," he said in a statement today. The victim only realised he was being scammed when he tried to withdraw his investment money, but the suspect instructed him to make additional investments. According to Raub, the victim made nine money transfers between July 4 and 17, totalling RM267,888. He said the case is being investigated under Section 420 of the Penal Code for cheating and dishonestly inducing delivery of property, which provides for imprisonment of up to 10 years, whipping and a fine. The Royal Malaysia Police (PDRM) advises the public to always be vigilant and not be easily deceived by promises of extraordinary investment returns displayed on social media. "Check the company's background first; do not provide personal information; and avoid downloading unauthorised applications," he also said.
The Sun
2 days ago
- The Sun
Johor man loses RM267,888 in Facebook investment scam
JOHOR BAHRU: A 57-year-old man lost RM267,888 after falling victim to an online investment scam advertised on Facebook. The victim lodged a police report at Pelangi Indah police station on July 21 after realising he had been deceived. Johor Bahru Selatan district police chief ACP Raub Selamat said the victim was lured by an investment ad on Facebook before contacting a woman named 'Olivia Leong' via WhatsApp. The suspect promised an 80% return on investment and instructed the victim to download an app and deal with a person called 'George'. The victim only discovered the scam when he attempted to withdraw his funds but was told to invest more. Investigations revealed he made nine transfers between July 4 and 17, totalling RM267,888. The case is being probed under Section 420 of the Penal Code for cheating, which carries a penalty of up to 10 years' jail, whipping, and a fine. Police urge the public to verify company backgrounds, avoid sharing personal details, and refrain from downloading unverified apps. Those with fraud-related information can contact the National Scam Response Centre (NSRC) at 997 or check the Semak Mule portal at - Bernama
New Straits Times
2 days ago
- New Straits Times
Unemployed man loses RM267,888 to stock scam found on Facebook
JOHOR BARU: A 57-year-old unemployed man lost nearly RM270,000 after falling prey to a bogus online stock investment scheme promising returns of up to 80 per cent in a short period. Johor Baru (South) police chief Assistant Commissioner Raub Selamat said the victim lodged a police report yesterday after he realised he had been cheated by a scammer posing as an investment agent. The victim claimed he responded to an investment advertisement on Facebook and was contacted on WhatsApp by a person who said she was an investment agent. The victim was persuaded to download a trading app and was instructed to deal with another man on transactions. Between July 4 and 17, the victim made nine online money transfers totalling RM267,888 to a company account. "The suspect kept urging the victim to invest more, even when he asked to withdraw his returns," Raub said today. After multiple failed attempts to withdraw his investment, both agents cut off all contact and locked him out of the platform. The case is being investigated under Section 420 of the Penal Code for cheating, which carries a jail term of up to 10 years, whipping and a fine upon conviction. Raub advised people not to fall for get-rich-quick promises, especially those promoted on social media platforms. "Always verify company backgrounds, never share personal information and avoid downloading suspicious apps." Channel information on scams to the National Scam Response Centre at 997 and check the Semak Mule portal at before you invest.
Reuters
2 days ago
- Business
- Reuters
UK betting firm Evoke's second-quarter revenue rises on expansion plans
July 22 (Reuters) - British betting and gaming firm Evoke (EVOK.L), opens new tab reported a 5% year-on-year rise in second-quarter revenue on Tuesday, driven by growth in its core international markets and tight cost controls. The company, which owns and operates brands like William Hill and 888, has doubled down on expansion plans, including rolling out 5,000 new gaming cabinets, even as the industry faces stricter sector-wide regulations in the United Kingdom. Evoke's retail segment returned to growth in the reported quarter, countering the softer performance of its sports segment, which had benefitted from the Euros championship last year. The firm forecast half-year core profits in the range of 163 million-167 million pounds ($219.6 million-$225 million), a 43% year-on-year jump at the mid-point. Evoke reaffirmed its full-year revenue and profit guidance, with analysts at Jefferies and Peel Hunt expecting profit to come in ahead of their estimates. ($1 = 0.7423 pounds)
The Star
2 days ago
- The Star
JB man loses RM267,000 to investment scam
JOHOR BARU: A 57-year-old man here has lost more than RM267,000 to a bogus investment scheme that promised 80% returns within a short period. Johor Baru South OCPD Asst Comm Raub Selamat said the unemployed victim lodged a police report on Monday (July 21), after realising he had been scammed by a syndicate posing as investment agents. 'The victim was lured by an investment advertisement on Facebook and later contacted an individual who gave her name as 'Olivia Leong' via WhatsApp. 'The suspect promised the victim up to 80% in returns and instructed him to download an application and communicate with another individual named George for transaction purposes,' he said in a statement on Tuesday (July 22). ACP Raub said the victim made nine bank transactions between July 4 and 17 amounting to RM267,888. 'The victim then realised he had been scammed when the suspect continued to ask for more money even as he tried to withdraw his 'profits'. 'The case is being investigated under Section 420 of the Penal Code for cheating. The offence carries a jail term of up to 10 years, whipping and a fine upon conviction,' he added. ACP Raub also advised the public to always be cautious and not fall for investment schemes that promise lucrative returns on social media. 'Please remember to always check the background of the company offering the alleged investment, never reveal personal information, and avoid downloading unverified mobile apps," he added. He urged those with information related to scams to notify the National Scam Response Centre at 997 or check the bank account or phone numbers on the official Semak Mule portal.
