Spoils of fraud: Comm Zainuddin with the seized items after police crippled the bogus investment syndicate in Kuala Lumpur. — NORAFIFI EHSAN/The Star
KUALA LUMPUR: As the owner of luxury homes and sleek cars, he is no ordinary Joe, with apparent wealth coming from a bogus investment scheme.
The 42-year-old man, who goes by the name Joe Kedah, allegedly set up an application called EssenceFX where he promised returns of between 5% and 8% on investments.At least 72 people invested a total of RM20.5mil before the application went offline early this year. It was then that they realised they had been scammed.
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