Man sells father’s land to join online investment scheme, loses RM180k in scam

Scam alert. — DayakDaily.com file pic // Photo: Pixabay

SIBU, June 3: Naivety has caused a man to lose RM180,000 in an investment scam.

The victim, a 48-year old piano serviceman, according to Sibu district police chief ACP Stanley Jonathan Ringgit, had lost the investment money, which was originally proceeds from the sale of his father’s land.

“At about 2pm on May 23, while surfing the internet, the victim saw an internet link. He clicked the link to download the Jiasang Fortune application which offers a high dividend from investment,” he said.

As he was short of money for the investment, he sold off his father’s land.

The victim initially made three bank transfers on May 24 and 25 to three account numbers provided by the suspect amounting to RM38,000 to join the scheme.


“On May 25, when he wanted to withdraw dividends which were credited into his Jiasang Fortune application, he was told to make more investments to be eligible for the withdrawal,” said ACP Stanley.

The victim obliged and banked in another RM142,000.

He finally realised that he had been conned when he still failed to receive the dividends.

ACP Stanley said the case is being investigated under Section 420 of the Penal Code for cheating. — DayakDaily