Engineer Loses RM275,000 in Moomoo Investment Scam
A 57-year-old engineer in Alor Setar lost RM275,000 to an online investment scam called Moomoo. The victim was lured by a WhatsApp link on April 20, promising a 10% return on Chinese currency investments. He communicated with scammers using two phone numbers and transferred RM275,000 in eight transactions between May 27 and June 13 to two company accounts, Cisi Infra Solution and Cisi CPT Infra Trading. When promised profits didn’t materialize and the scammers demanded more money, the victim realized he was scammed and reported it to the police. Kedah CCID chief Supt Loi Yew Lik advised verifying investment offers using tools like the Mule Check app, CCID’s Facebook page, or the National Scam Response Centre at 997.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Huawei unveils FusionSolar9.0 in Malaysia, introducing AI‑powered, grid‑stabilising solar technology to boost clean energy transition…
Private markets remain resilient but face mounting pressure from higher rates, weak exits, concentrated AI…
Fomca urges government transparency on Budget 2026 cuts, warning healthcare reductions could harm patients, staff,…
PETRONAS and ENEOS renew LNG partnership, securing 10% stake in MLNG Tiga to strengthen energy…
UAE exits OPEC+, weakening spare capacity control and signaling shift toward capacity-driven competition, raising volatility…
Dunlop launches EV-ready tyres under Toyotsu Binter, strengthening Malaysian presence with new products, dealer expansion,…
This website uses cookies.