Woman cheats 30 people of $2.75m
New Straits Times
Friday, Jul 19, 2013
KUALA LUMPUR - A woman who promised ridiculously high returns in an investment scheme conned 30 people out of a whopping RM7 million (S$2.75 million). One of the victims, Heng Hwa Keng, 41, claimed that he had invested RM95,000 since January last year.
"I met the woman in Setapak through a mutual friend who also invested his money in this so-called investment scheme. The woman, identified as Ng, explained to me that I would need to deposit a sum of RM5,000 to her bank account on the 15th of every month if I was interested in joining."
"She further reiterated that I would be getting a dividend of RM3,000 to RM4,000 monthly if I adhered to her 'company' terms and conditions. But the returns never made it to my account," he said after lodging a report at the Setapak police station yesterday.
Heng added that he continued wiring the money to the 34-year-old's account until July 15 before realising something was amiss.
"I tried calling several times to discuss with her on the returns but her phone number had been disconnected.
"That prompted me to go to her house in Jalan Bunga Cempaka 6A, Taman Muda Ampang, the following day but was informed by a neighbour that the house was vacated several months ago. That was when I knew she had run off with my money."
Another victim said she had used all her savings to join the scheme.
"I tried tracking the woman down but to no avail. Last I heard, she went to Taiwan and never came back."
So far, five people who had fallen victim had lodged reports.
