Latest news with #MohdSohaimi
The Star
3 days ago
- Business
- The Star
Manager loses over RM260k in WhatsApp stock scam
JOHOR BARU: A company manager lost RM262,669, supposedly after falling victim to an online stock investment scam conducted through WhatsApp. Seri Alam police chief Supt Mohd Sohaimi Ishak said the police received a report on the incident yesterday after the 39-year-old victim realised he had been cheated. 'The victim said the incident began last April when he came across a stock investment advertisement on WhatsApp that promised lucrative returns within a short period,' he said in a statement, Bernama reported. 'The victim made 16 transactions into two different bank accounts between April 25 and July 4, amounting to a total of RM262,669.' He said the victim was later asked to make an additional payment purportedly for the withdrawal of investment profits, but no returns were received. He added that the victim realised he had been scammed after his efforts to recover the investment money failed. 'Initial investigations using the Semak Mule platform by the Commercial Crime Investigation Department (CCID) found that one of the bank accounts used in the transactions had a prior police report linked to an investment fraud case,' he said. The police will also carry out additional investigations into the use of mule accounts and take appropriate action against the involved account holders. Supt Mohd Sohaimi urged the public to exercise caution with investment schemes that promise high returns in a short time and to verify the legitimacy of companies through the Securities Commission Malaysia and the Semak Mule portal before making any transactions. The public is also warned against sharing personal or banking information with unknown parties and to stay informed about commercial crime tactics via CCID's social media channels.
The Sun
4 days ago
- The Sun
Elderly e-hailing driver loses RM301,300 in online investment scam
JOHOR BAHRU: An elderly e-hailing driver lost RM301,300 after falling victim to an online scheme that promised quick and lucrative returns through investments in foreign stocks. Seri Alam police chief Supt Mohd Sohaimi Ishak said the 67-year-old victim was first introduced to the fraudulent scheme in April by a woman he had just met. 'Believing the woman's promises, the victim made 11 transfers to four different bank accounts, amounting to RM301,300,' he said in a statement. However, he never received any returns. Instead, he was repeatedly asked to make additional payments, supposedly to facilitate the release of his profits. Realising he had been scammed when he could no longer reach the woman and failed to recover his investment, the victim lodged a police report on Monday. Mohd Sohaimi said preliminary checks using the Semak Mule platform by the Commercial Crime Investigation Department revealed that three of the bank accounts involved had been flagged in 27 previous police reports linked to investment scams. The case is being investigated under Section 420 of the Penal Code for cheating, which carries a maximum sentence of 10 years' imprisonment, caning and a fine upon conviction. He added that investigators are also looking into the existence of mule accounts under Section 424 of the Penal Code, which covers the use of accounts or payment instruments for criminal purposes. 'Upon conviction under Section 424, offenders face a fine of between RM10,000 and RM150,000 or imprisonment of three to 10 years,' he said. He advised the public to be wary of online investment schemes promising quick and high returns, especially those that appear overly easy or risk-free. 'The public is also urged to verify any investment opportunity with relevant authorities such as the Royal Malaysia Police, Bank Negara Malaysia, or the Securities Commission to ensure its legitimacy,' he added. - Bernama
The Star
4 days ago
- The Star
E-hailing driver loses RM300,000 to investment scam
JOHOR BARU: An e-hailing driver lost over RM300,000 after being duped into a non-existent investment scheme introduced by a woman he had just met. Seri Alam OCPD Asst Comm Mohd Sohaimi Ishak said the woman introduced the 67-year-old victim to the alleged international share investment scheme in April of this year. "The friend promised him lucrative returns within a short period of time. Believing the offer, the victim made 11 transactions totalling RM301,300 to four different bank accounts. "The victim started to have doubts when he did not receive any profits and was asked to make further payments to supposedly withdraw his returns," he said in a statement on Saturday (July 19). Realising he had been cheated, the victim lodged a police report at the Seri Alam district police headquarters on July 14 after failing to retrieve his money or contact the woman. ACP Mohd Sohaimi said initial checks through the Commercial Crimes Investigation Department (CCID)'s Semak Mule platform found that three of the accounts used in the scam had a total of 27 previous police reports lodged against them, all linked to investment fraud. He added that the case is being investigated under Section 420 of the Penal Code for cheating, which carries a jail term of one to 10 years, whipping, and a fine upon conviction. The investigation will also cover mule account involvement under Section 424 of the Penal Code, he said, adding that those convicted could face a fine between RM10,000 and RM150,000, or a jail term of three to 10 years. ACP Mohd Sohaimi advised the public to be wary of online scams and not to fall for investment schemes that promise fast and high returns with little effort. He urged the public to verify such schemes with authorities including the police, Bank Negara Malaysia, and the Securities Commission. He also reminded the public to use online services provided such as the National Scam Response Centre (NSRC), CCID Infoline, Semak Mule, and the JSJK PDRM Facebook page for information on commercial crime before making any payment to others. The NSRC – which is now under the Bukit Aman CCID - is reachable via its hotline 997.
Barnama
4 days ago
- Barnama
Elderly E-Hailing Driver Loses RM301,300 To Online Investment Scam
JOHOR BAHRU, July 19 (Bernama) -- An elderly e-hailing driver lost RM301,300 after falling victim to an online scheme that promised quick and lucrative returns through investments in foreign stocks. Seri Alam police chief Supt Mohd Sohaimi Ishak said the 67-year-old victim was first introduced to the fraudulent scheme in April by a woman he had just met. 'Believing the woman's promises, the victim made 11 transfers to four different bank accounts, amounting to RM301,300,' he said in a statement. However, he never received any returns. Instead, he was repeatedly asked to make additional payments, supposedly to facilitate the release of his profits. Realising he had been scammed when he could no longer reach the woman and failed to recover his investment, the victim lodged a police report on Monday. Mohd Sohaimi said preliminary checks using the Semak Mule platform by the Commercial Crime Investigation Department revealed that three of the bank accounts involved had been flagged in 27 previous police reports linked to investment scams. The case is being investigated under Section 420 of the Penal Code for cheating, which carries a maximum sentence of 10 years' imprisonment, caning and a fine upon conviction. He added that investigators are also looking into the existence of mule accounts under Section 424 of the Penal Code, which covers the use of accounts or payment instruments for criminal purposes. 'Upon conviction under Section 424, offenders face a fine of between RM10,000 and RM150,000 or imprisonment of three to 10 years,' he said.
The Sun
4 days ago
- Business
- The Sun
Johor manager loses RM260k in WhatsApp investment scam
JOHOR BAHRU: A company manager lost RM262,669 after falling victim to a WhatsApp-based stock investment scam. The 39-year-old victim reported the fraud to Seri Alam police after realising he had been deceived. Seri Alam police chief Supt Mohd Sohaimi Ishak said the scam began in April when the victim saw an investment ad on WhatsApp promising quick profits. 'The victim made 16 transactions into two bank accounts between April 25 and July 4, totalling RM262,669,' he said. The scam escalated when the victim was asked for additional payments to withdraw profits, but no returns were given. After failed attempts to recover his money, he lodged a police report. Initial checks by the Commercial Crime Investigation Department (CCID) revealed one bank account was linked to a prior investment fraud case. Investigations are ongoing under Section 420 of the Penal Code for fraud. Mohd Sohaimi urged the public to verify investment schemes via the Securities Commission Malaysia and Semak Mule portal. 'Be wary of unrealistic returns and never share banking details,' he said. Victims of fraud should contact the National Scam Response Centre (NSRC) at 997 immediately to halt transactions. - Bernama
