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Sinar Daily
3 days ago
- Business
- Sinar Daily
Retired teacher losses RM838,000 to 'P1666 HIFA' investment
Police advised the public to be wary of online investment scams that use the names of existing investment companies, such as 'Pinnacle Horizon Capital' and 'Moomoo', to mislead victims. 30 Jun 2025 05:33pm The victim claimed to have deposited RM838,00, made in eight transactions, into four different bank accounts in the names of Hanifi Smart Home Sdn Bhd, Seeking Alpha International Sdn Bhd, Kiam Hong Electri Sdn Bhd and Master Gold Properties Sdn Bhd. - 123RF photo ALOR SETAR - A retired teacher lost RM838,000 after investing in a scam investment scheme known as 'P1666 HIFA' investment offered via the WhatsApp application last February. Kedah Commercial Crime Investigation Department (JSJK) head, Supt Loi Yew Lik, said that after agreeing to participate, the 72-year-old victim's name was included in a WhatsApp group, 'P166 HIFA' investment. Kedah Commercial Crime Investigation Department (JSJK) head, Supt Loi Yew Lik, said that after agreeing to participate, the 72-year-old victim's name was included in a WhatsApp group, 'P166 HIFA' investment. "The victim had dealt with an individual known as Helen via the WhatsApp application and was then given a link to download an application (PHC VIEW) from Pinnacle Horizon Capital to see the profits received from the investment. "He was promised a return of five times the amount invested within a few days,' he said in a statement today. Following which, he said, the victim claimed to have deposited RM838,00, made in eight transactions, into four different bank accounts in the names of Hanifi Smart Home Sdn Bhd, Seeking Alpha International Sdn Bhd, Kiam Hong Electri Sdn Bhd and Master Gold Properties Sdn Bhd. "Through the application, the victim noticed that he had earned a total profit of RM4.09 million. However, when he wanted to withdraw the money, various excuses were given, including asking him to make an additional payment,' he said, adding that the victim lodged a police report after realising that he had been scammed. He advised the public to be wary of online investment scams that use the names of existing investment companies, such as 'Pinnacle Horizon Capital' and 'Moomoo', to mislead victims. He said that so far, four investigation papers involving 'Moomoo' investments and three involving 'Pinaccle Horizon Capital' have been opened in Kedah. "The public is advised to check with the police or nearby police stations before making any suspicious transactions. Checks can also be made via the Mule check application, JSJK Facebook or by contacting the National Scam Response Centre (NSRC) at 997," he said. - BERNAMA More Like This
The Sun
3 days ago
- Business
- The Sun
Retired teacher loses RM838k to P166 HIFA investment scam in Kedah
ALOR SETAR: A retired teacher in Kedah fell victim to an investment scam, losing RM838,000 after being lured into the fraudulent 'P166 HIFA' scheme promoted via WhatsApp. The 72-year-old victim was promised high returns but instead lost his savings in the elaborate con. Kedah Commercial Crime Investigation Department (JSJK) chief, Superintendent Loi Yew Lik, confirmed the case, stating that the victim was added to a WhatsApp group named 'P166 HIFA' after initial contact with a person identified as Helen. The scammer provided a link to download the 'PHC VIEW' app from Pinnacle Horizon Capital, falsely displaying inflated profits. 'The victim was promised returns five times his investment within days. Believing the scheme, he transferred RM838,000 in eight transactions to four different company accounts,' Loi said. The companies involved were Hanifi Smart Home Sdn Bhd, Seeking Alpha International Sdn Bhd, Kiam Hong Electri Sdn Bhd, and Master Gold Properties Sdn Bhd. The victim later saw a fabricated profit of RM4.09 million on the app but was unable to withdraw the funds. Scammers demanded additional payments, prompting the victim to file a police report. Loi warned the public against similar scams using names like 'Pinnacle Horizon Capital' and 'Moomoo'. Kedah police have opened seven investigation papers related to these fraudulent schemes. 'Verify investments via the Mule Check app, JSJK's Facebook, or contact the National Scam Response Centre (NSRC) at 997 before transferring money,' he advised.
The Star
3 days ago
- The Star
Retired teacher loses over RM800,000 in bogus investment scheme
ALOR SETAR: A retired teacher lost RM838,000 after investing in a fake investment scheme offered via WhatsApp in February. Kedah Commercial Crime Investigation Department head Supt Loi Yew Lik said that after agreeing to participate, the 72-year-old victim's name was added to the "P166 HIFA investment" WhatsApp group. "The victim had dealt with an individual known as Helen via WhatsApp and was then given a link to download an application (PHC VIEW) from 'Pinnacle Horizon Capital' to check the profits received from the investment. "He was promised a return of five times the amount invested within a few days,' he said in a statement on Monday (June 30). He said the victim told police he had deposited a total of RM838,000 via eight transactions to four different bank accounts. "Through the app, the victim saw that he had earned a total 'profit' of RM4.09mil. "However, when he wanted to withdraw the money, various excuses were given, including asking him to make an additional payment,' he said. Supt Loi said the victim then lodged a police report after realising he had been scammed. He advised the public to be wary of online investment scams that use the names of existing investment companies to mislead victims. He added that seven investigation papers had been opened in Kedah over such scams. "The public is advised to check with the police or nearby police stations before making any suspicious transactions. "Checks can also be made via the Semak Mule application, CCID Facebook or by contacting the National Scam Response Centre (NSRC) at 997," he added. – Bernama
The Star
3 days ago
- Business
- The Star
Engineer loses RM275,000 to online Moomoo scam
ALOR SETAR: A 57-year-old engineer lost RM275,000 after falling for an online investment scam known as Moomoo, say police. Kedah Commercial Crime Investigation Department (CCID) chief Supt Loi Yew Lik said the victim responded to an investment offer involving Chinese currency on April 20 by clicking a WhatsApp link. He later communicated with several individuals using the numbers 019-200 7253 and 019-234 5678. 'The scammers promised a 10% return within days, prompting the victim to transfer RM275,000 in eight transactions between May 27 and June 13 to two company accounts under the names Cisi Infra Solution and Cisi CPT Infra Trading,' he said yesterday, Bernama reported. When the victim did not receive the profits, he grew suspicious as the scammers continued requesting more money, claiming it was needed to release his returns and initial capital. He lodged a police report after realising he had been cheated. Supt Loi advised the public to verify any investment offers with the police or to use tools such as the Mule Check app, the CCID Facebook page, or to contact the National Scam Response Centre at 997.
The Star
4 days ago
- Business
- The Star
Engineer loses RM275,000 to online 'Moomoo' investment scam
ALOR SETAR: A 57-year-old engineer lost RM275,000 after falling for an online investment scam known as 'Moomoo', which was advertised on Facebook in April. Kedah Commercial Crime Investigation Department chief Supt Loi Yew Lik said the victim responded to an investment offer involving Chinese currency on April 20 by clicking a WhatsApp link, which led him to a group called '6 Investment Securuties Internasional'. He later communicated with several individuals using the numbers 019-2007253 and 019-2345678. "The scammers promised a 10% return within days, prompting the victim to transfer RM275,000 in eight transactions between May 27 and June 13 to two company accounts under the names Cisi Infra Solution and Cisi CPT Infra Trading," he said in a statement on Sunday (June 29). When no profits were received, the victim grew suspicious as the scammers continued requesting more money, claiming it was needed to release his returns and initial capital. He eventually lodged a police report at the Baling District Police Headquarters on Saturday after realising he had been cheated. Loi advised the public to verify any investment offers with the police or nearby stations and to use tools such as the Mule Check app, the CCID Facebook page, or contact the National Scam Response Centre at 997. - Bernama
