KLUANG: A school teacher, who hoped to make some quick gains by investing in stocks in China, was duped in a fake investment scam, causing her to lose RM359,000.
“The woman was immediately put in a group offering advice and tips to newbie investors,” the official said, adding that the syndicate members convinced the woman to take part in the scheme. However, the woman began to suspect something was amiss when she did not receive any returns at the end of May. This came as syndicate members continued to press her for more investments, saying it was a bull run for stocks in China.Kluang OCPD Asst Comm Bahrin Mohd Noh confirmed that the police were investigating the case under Section 420 of the Penal Code for cheating.
“The victim was convinced that it was a genuine job to help boost the ranking of a car sales website as she received a payment of RM35 within a short period of time.
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