Senior citizen loses nearly RM6mil to scammers

Thursday, 09 Oct 2025

SHAH ALAM: A senior citizen has lost nearly RM6mil after falling victim to a phone scam.

Selangor police chief Datuk Shazeli Kahar said the 73-year-old victim, a private sector retiree, received a call in May from a man claiming to be from the national anti-financial crime centre in Putrajaya, telling her she was involved in a money-laundering case.

She was then instructed by another scammer to "declare her assets" and savings.

Then in June, the victim was instructed to open four bank accounts and deposit her savings into the newly opened accounts.

"She was told to put all the ATM cards in an envelope and leave it at a playground in USJ and to give her banking information to them," he said in a statement on Thursday (Oct 9).

Shazeli said the victim only realised she had been duped after her child told her it was a scam.

However, it was already too late as she had already lost RM5,996,586.51.

https://www.thestar.com.my/news/nation/2025...mil-to-scammers

---+---+---
Sad... when you grows older and losing your mind and not trusting your love ones to take over and manage your wealth.

Prime target for scammers.

Polis / bank can easily check if that bank account is mule or genuine account, when money went into mule account they will be cash out on the spot / direct transfer to other bank account

These mule account will have maximum cash out / transfer amount that bank allow daily, if you are genuine account you wont set such high limit

The mule account will only be use to cash out money where genuine account will have pay for credit card or some bills, most mule account owner will know who they given their bank card to because they rent the card out and receive money from monthly rental / commission from the scammer 

Malaysia law on scammer is not tough enough, thats why you see so many people doing scamming

Bank negara, All bank & polis combine set up special department to check, suspend & catch all suspect

Lets say victim bank in to Bank A and scammer transfer from Bank A to Bank B, this special department after receiving report from victim can suspend the account from Bank A & B for 3 days for investigation

If the account been use as mule they can charge & detain the original account holder, the problem with bank is each different bank have their own policy regarding mule account and its alot of hassle for polis because they need to get approval / info from each different bank

Ex-civil servant loses RM3.07mil to online investment scam

https://www.thestar.com.my/news/nation/2025...investment-scam

Monday, 27 Oct 20256:17 PM MYT

JOHOR BARU: A government retiree allegedly lost RM3.07mil after being hoodwinked into joining a fraudulent online investment scheme.

The 62-year-old victim came across an advertisement on social media in July promising instant profits.

“The victim clicked a link and was connected to the suspect, who instructed her to download an app on her phone,” said Johor police chief Comm Datuk Ab Rahaman Arsad.

Comm Ab Rahaman said the victim was told that she could monitor her investments via the app.

Believing she could make a quick profit, the victim made 29 transfers amounting to RM3,070,433 into six different bank accounts between Aug 19 and Oct 15.

“The victim only realised she was cheated after the suspect became uncontactable and she was unable to withdraw her profits,” he said.

Comm Ab Rahaman said the victim lodged a police report on Oct 24, and the case is being investigated under Section 420 of the Penal Code for cheating.