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Elderly man loses nearly $233,000 to online investment scam in Malaysia, police warn of risks.
An elderly man in Ipoh, Malaysia, lost nearly $233,000 to an online investment scam after seeing a promising ad on Facebook.
The ad promised a quick 20% return on a small investment.
The victim downloaded an app called PGLO.PRO and made 16 payments totaling RM974,000.
He discovered the scheme was fraudulent on January 11, 2025.
The police chief warned the public to be cautious of high-return investment offers that aren't registered with financial authorities.
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El anciano pierde casi $233,000 por estafa de inversión en línea en Malasia, advierte la policía de los riesgos.