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Borneo Post
8 hours ago
- Business
- Borneo Post
Middle-aged Sibu man fleeced of RM88,233 by bogus online investment
Photo for illustration purposes only. — Photo from Max Pixel SIBU (July 17): A man in his 50s here lost RM88,233 of his hard-earned savings after falling victim to a bogus online investment scheme. Sibu police chief ACP Zulkipli Suhaili said the victim lodged a report yesterday after realising he had been duped. 'The victim was added to a WhatsApp group named 'Group VIP' on April 11. 'In the group, a woman identified as 'Ruth Khoo' invited him to join a so-called lucrative stock investment opportunity,' he said in a statement today. Lured by the convincing discussions within the group, the man proceeded to make six deposits amounting to RM88,233 into three different local bank accounts. 'After his first transfer, he was told he had already made a profit. 'However, he was then asked to make additional payment, supposedly for taxes to Bank Negara Malaysia and the government in order to withdraw his returns,' said Zulkipli. The man never received any profit from the scheme. The case is being investigated under Section 420 of the Penal Code for cheating. Zulkipli reminded members of the public to be vigilant and verify the legitimacy of any investment offer before parting with their money. 'We urge the public to check with official platforms such as the Bank Negara Malaysia website, the Securities Commission, or use the Investment Checker app,' he said. For further assistance or advice, contact the National Scam Response Centre on 997 or visit Semak Mule at lead online investment scam Zulkipli Suhaili
Borneo Post
08-07-2025
- Business
- Borneo Post
Padawan retiree loses RM500,000 in online investment scam
The incident began in mid-March, when the victim came across an online advertisement claiming to offer free investment courses. – File photo KUCHING (July 8): A retiree in his 70s from Padawan lost approximately RM500,000 after falling victim to an online investment scam involving a fake financial company. Sarawak Police Commissioner Datuk Mancha Ata confirmed that the local man lodged a police report after realising he had been duped by a scheme linked to a company known as HIFA (Himin International Finance Academy). The incident began in mid-March, when the victim came across an online advertisement claiming to offer free investment courses. 'Enticed by the offer, the victim submitted his personal details via a link provided in the advertisement. He was subsequently contacted by an unknown individual, who then added him to a WhatsApp group named 'Homin International Finance Academic'. 'The suspect, who acted as the administrator of the group, instructed the victim to download an app called 'PHCview' as part of the investment process,' he said. Trusting the scheme, Mancha said the victim proceeded to make several money transfers in stages to bank accounts provided by the suspect, totalling around RM500,000. The scam only came to light when the victim came across a newspaper article describing similar fraudulent investment tactics. By the time he lodged a police report, the victim had yet to receive any of the promised returns. Mancha then reminded the public not to easily trust investment offers advertised on social media platforms. Authorities strongly encourage conducting proper background checks before committing to any form of investment. 'To verify the legitimacy of financial companies and websites, the public is urged to visit or call BNM TELELINK at 1-300-88-5465 (Bank Negara Malaysia); visit or call 03-6204 8999 (Securities Commission Malaysia). 'Individuals who suspect they've fallen victim to cybercrime—including phone scams, love scams, e-commerce fraud, or bogus loans—should immediately contact the National Scam Response Center (NSRC) at 997 if they have just completed a fund transfer to the scammer's account or e-wallet,' he said. The police also recommended additional tools and platforms, such as the Whoscall mobile application, Investment Checker via or Check Scammers CCID app or the website for verifying suspect phone numbers or bank accounts. crime Mancha Ata online scam senior citizen
Borneo Post
26-06-2025
- Business
- Borneo Post
Civil servant in Miri loses RM1.1 mln to suspected online investment scam
Her doubts began when she was unable to withdraw the promised profits. – Bernama photo MIRI (June 26): A civil servant in Miri has lost RM1.1 million after allegedly falling victim to a non-existent online investment scheme. In a statement today, Sarawak Police Commissioner Datuk Mancha Ata said the woman, in her 30s, lodged a police report recently after realising she had been allegedly scammed by an individual impersonating an investment representative. The incident began in early December 2024, when the victim was contacted by the suspect, who offered what appeared to be a lucrative investment opportunity. She was instructed to download an app via a provided link and was promised high returns within a short period. Trusting the scheme, she transferred money in stages into a bank account given by the suspect, amounting to around RM1.1 million in total. Her doubts began when she was unable to withdraw the promised profits. Despite this, the suspect continued to demand additional payments, claiming they were necessary to process the withdrawal. 'At the time the police report was lodged, the victim had not received any of the promised returns,' Mancha said. Authorities say the case underscores the growing threat of online investment scams, particularly those targeting individuals seeking quick financial returns. Mancha advised the public to verify the legitimacy of any investment platform through official channels such as Bank Negara Malaysia at and the Securities Commission Malaysia at before committing any funds. 'Anyone who has recently transferred money to suspicious accounts or e-wallets is advised to contact the National Scam Response Centre (NSRC) by dialling 997,' he said. He also recommended using scam-identifying tools like the Whoscall app, which cross-references phone numbers against the Commercial Crime Investigation Department (JSJK) database. 'Phone numbers listed in the department's 'Semak Mule' system are flagged automatically through the app,' said Mancha. As an additional safeguard, the public can verify suspicious bank account numbers or telephone lines via the police's Semak Mule portal at or check the credibility of investment companies using the Investment Checker tool provided by the Securities Commission. To stay informed about the latest scam tactics, the public are encouraged to follow JSJK PDRM and Cyber Crime Alert RMP on Facebook, Instagram, and TikTok. civil servant Mancha Ata miri online investment scam
Barnama
25-04-2025
- Business
- Barnama
Marketing Executive Loses Over RM100,000 In Investment Scam On Dating App
SIBU, April 25 (Bernama) -- What began as a hopeful swipe right on a popular dating app ended in financial heartbreak for a local woman, who fell victim to a sophisticated online scam that drained her of over RM100,000. The sales and marketing executive, whose identity is being withheld for privacy reasons, had allegedly met a man claiming to be 'Lucian Hee Hao Yu', who introduced himself as an engineer, on the dating platform Bumble in early January. Their virtual romance quickly escalated, transitioning from Bumble to WhatsApp, where trust deepened. Soon, Lucian introduced the woman to what he said was a 'lucrative opportunity' - an exclusive investment scheme dubbed 'Private Placement,' promising swift and high returns. Under Lucian's direction, the victim was persuaded to register on a professional-looking website, and instructed to share her personal information. 'The victim subsequently made 12 transactions totalling RM102,992.40 into three local accounts between Feb 6 and March 6. More worryingly, the victim also took out a bank loan to finance the investment,' Sibu District Police Chief, ACP Zulkipli Suhaili said in a statement today. But the promised returns never materialised. After a few weeks, the victim realised she had been duped and decided to lodge a police report yesterday. An investigation has been launched under Section 420 of the Penal Code for cheating. ACP Zulkipli urged the public to exercise extreme caution when approached with investment opportunities, especially from unfamiliar individuals online. He also advised verifying any financial scheme with Bank Negara Malaysia (BNM) or the Securities Commission Malaysia (SC) through their official websites or the Investment Checker app.
The Sun
25-04-2025
- The Sun
Marketing executive loses over RM100,000 in investment scam on dating app
SIBU: What began as a hopeful swipe right on a popular dating app ended in financial heartbreak for a local woman, who fell victim to a sophisticated online scam that drained her of over RM100,000. The sales and marketing executive, whose identity is being withheld for privacy reasons, had allegedly met a man claiming to be 'Lucian Hee Hao Yu', who introduced himself as an engineer, on the dating platform Bumble in early January. Their virtual romance quickly escalated, transitioning from Bumble to WhatsApp, where trust deepened. Soon, Lucian introduced the woman to what he said was a 'lucrative opportunity' - an exclusive investment scheme dubbed 'Private Placement,' promising swift and high returns. Under Lucian's direction, the victim was persuaded to register on a professional-looking website, and instructed to share her personal information. 'The victim subsequently made 12 transactions totalling RM102,992.40 into three local accounts between Feb 6 and March 6. More worryingly, the victim also took out a bank loan to finance the investment,' Sibu District Police Chief, ACP Zulkipli Suhaili said in a statement today. But the promised returns never materialised. After a few weeks, the victim realised she had been duped and decided to lodge a police report yesterday. An investigation has been launched under Section 420 of the Penal Code for cheating. ACP Zulkipli urged the public to exercise extreme caution when approached with investment opportunities, especially from unfamiliar individuals online. He also advised verifying any financial scheme with Bank Negara Malaysia (BNM) or the Securities Commission Malaysia (SC) through their official websites or the Investment Checker app. Additionally, the public can check suspicious bank accounts or phone numbers via the Semak Mule portal at or contact the National Scam Response Centre (NSRC) at 997 for assistance.
