Retiree Loses RM660,000 in Stock Investment Scam
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Insights by Echo AI
A 56-year-old retired engineer lost RM660,000 after falling for a stock investment scam advertised on Facebook. The victim, who was promised a 10% return, made seven transactions into three different bank accounts but received no profits. The Bera District Police Chief confirmed the incident and advised the public to check bank account details and report scams to the National Scam Response Centre.
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