Investors Cheated in Money Game investment
They trusted a friend and ended up losing RM100,000 published in Star Newspaper on Wednesday, 5/7/2017 IPOH: Five investors trusted their friend who introduced them to a money game scheme.But that trust turned into bad luck when the five friends lost about RM100,000 of their hard-earned money. One of them, Chin Soo Mee, 47, said she had invested RM10,000 after her former boss approached her to invest in the scheme. Chin, a single mother, and an office administrator said she decided to join as her 19-year-old daughter was still in college and she wanted the extra income from the scheme’s monthly returns. All five of them invested in the scheme in December last year, and they were promised 10% monthly returns from January this year. “We realized something was wrong when we failed to get our returns for January, February, and March. “The company’s website stated that it had US$1.6mil (RM6.8mil) in its account. But when we checked...
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