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flag A Malaysian retiree loses $387,000 to a Facebook investment scam, highlighting a surge in fraud.

flag A 67-year-old retiree from Malaysia lost RM1.7 million ($387,000) to an investment scam on Facebook through a platform called "UVKXE Investment." flag The victim, lured by promises of high returns from a fraudulent "Prof Lim," invested in stocks and cryptocurrencies. flag Realizing the scam when returns didn't come, the case highlights the surge in investment frauds, with over RM260 million lost this year. flag Police advise caution with online investment schemes and recommend verifying their legitimacy.

2 months ago
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