QuickCheck: Did a fake free books’ ad lead to over RM100,000 loss for a bank officer?


EVERYONE wants to make easy money without having to put in any effort.

Sometimes, an offer comes in that is just too good to be true, and while it usually is, people still fall for these scams.

Apparently a bank officer in Pahang thought he found the deal of a lifetime but ended up RM102,700 poorer after putting the money into an “investment scheme” he found on a Facebook ad. Is this true?

Verdict:

TRUE

The 32-year-old bank officer came across an advertisement on Facebook on June 2 allegedly from a well-known bookstore that had offered customers several free books on investment in return for his personal details, said the Pahang police in a statement.

Intrigued, the victim parted with his information and was then invited to sign up to a stock trading platform.

"After clicking on the link, the victim was then invited to trade on the 'PSLUS' platform," said Pahang police chief Datuk Yahaya Othman.

"He then received a notification that he had made a profit of 30% after investing RM100,000.

"The victim then made 12 more transactions into six accounts from different banks within three weeks," said Yahaya.

Yahaya advised the public not to be easily deceived by get-rich quick scams involving investments.

He added that investors should refer to Bank Negara's website for information regarding known scams (www.bnm.gov.my/financial-consumer-alert- list) as well as the Securities Commission's website (www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list).

Reference:

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