Jempol: A 39-year-old online trader suffered a loss of RM252,004 after falling victim to a non-existent investment scheme that promised over RM1 million in returns within two months.

According to BERNAMA News Agency, Jempol District police chief Supt Hoo Chang Hook stated that the incident occurred after the woman viewed an investment advertisement on a Facebook account. The advertisement piqued her interest, leading her to join the scheme by selecting Package A, which promised a return of RM1.4 million within two months for an initial investment of RM150,000.

The victim further borrowed money from friends to invest in the scheme, beginning with a transfer of RM250 into an account on November 12 at 10:29 am. Hoo detailed that the victim went on to make another 15 transactions from November 12 to 24, transferring funds into six different bank accounts, totaling RM252,004.

Hoo added that the woman had yet to receive any returns and was still being solicited for additional funds for various purposes. The case is currently being investigated under Section 420 of the Penal Code, which deals with cheating and dishonestly inducing delivery of property.