Man loses RM224,000 in scam involving investments in freezers

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Kota Tinggi police chief Yusof Othman said the 57-year-old victim had responded to an advertisement on WhatsApp.

PETALING JAYA: A man drawn into investing in a scheme paying good profits in purchasing freezers found himself poorer by RM224,000.

Bernama reported Kota Tinggi police chief Yusof Othman as saying the 57-year-old victim became involved in the scam after responding to an advertisement on WhatsApp in January 2022.

He was initially offered the purchase of three freezers, priced at RM11,000 each, with a hefty commission within 24 months.

After initially getting RM85,600 in commissions as promised, the victim began using all his EPF savings and personal savings to invest in the scheme.

He only realised he had been scammed when he did not receive the promised commissions totalling RM22,400 for 28 freezer units he had invested in.

Yusof said the victim lodged a police report yesterday.

Meanwhile, in Jasin, an elderly man lost RM108,000 after being deceived by a non-existent investment scam advertised on Facebook.

Jasin police chief Ahmad Jamil Radzi said the 73-year-old man had transferred the amount to four different accounts, as directed by the scam syndicate, since August.

“The retiree realised he had been scammed when he was asked to make an additional payment of RM60,000 as tax for withdrawing the profits he had earned,” he said, adding that a report was made yesterday.

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