It is reported that in addition to retirees, businessmen, teachers and students, even police officers have become victims of the scam.
Mudah Trading ran away, thousands of people were defrauded of about 20 million
According to a victim named Rifqi, he saw an investment platform on the Internet that claimed to have a high monthly return of 14% to 21%.
“I clicked on an ad that popped up on the app and entered a WhatsApp group where I received information about investments,” Rifqi said.
He started investing small amounts in October last year and increased his funds after receiving promised returns.
Although he successfully withdrew thousands of ringgit, however, last month, he was suddenly unable to withdraw the money. But he still lost RM32,000.
Rifqi reported the incident to the police two weeks ago.
But the bank account was registered to a man with a history of drug abuse and drug-related crimes.
A 33-year-old technician from Sepang township in southern Selangor state said he obtained a RM30,000 personal loan from a bank to run a business and relieve his mother's financial burden.
"My elderly mother runs a food stall and has to work around the clock."
“I hope that with the extra money invested, I can engage in fish farming and earn a better income for my family.
Initially, the company paid out a hefty dividend, but it all became unavailable last month. "
"They blocked our phone number and we can no longer be contacted."
He said even if he couldn't get his money back, he wanted to see the scammers punished.
