Virtual Investment
Regardless of the method used to produce Virtual Investment, everyone must be prepared for the risk of being deceived or losing money before investing. It is necessary to strictly check the endorsement of the investment platform, the source of funds of the investment platform, and the cycle required by the investment platform. There are many cases where individual lawless elements use illegal platforms with cloned brands to defraud investors.
A 69-year-old businessman believed the so-called "cryptocurrency investment plan" on Facebook and invested RM11 million in just three months, but eventually lost everything!
The director of the National Commercial Crime Investigation Department, Nanli Yusof, held a press conference today and pointed out that the businessman from Sarawak reported the case to the police on the 17th of this month and told about his experience of Zhao Yu's cryptocurrency investment scam.
He said that in April this year, he met a stranger while browsing Facebook. The other party claimed that he could provide a high-return cryptocurrency investment project and induced him to download a software called Coinbase Wallet and then log in to the us-btce.net website to invest.
"Under the other party's instigation, the victim believed it and continued to transfer a total of RM10.2 million to the so-called investment account in multiple times from April to June. When the client wanted to withdraw the profit, he was told that Xueyao had to pay an additional handling fee of 310,000 USDT (approximately RM1,347,556). Although the victim had doubts, he still paid the fee in the hope of getting away with it. Then, to his surprise, his investment account was emptied after paying the handling fee! Only then did he realize that he had been cheated and he quickly called the police. After calling the police, he contacted our bank through a friend’s introduction and helped recover part of the funds! Due to the large scale of the case and the long time period, a lot of the funds could not be recovered, and the criminals had already laundered the money through banks in other countries. After calling the police, Home’s task is still to contact a loss recovery lawyer. The later the time, the smaller the chance of recovering the money.