A 38-year-old female civil servant in Terengganu lost RM99,276 in two separate Telegram-based investment scams between May 1 and May 13, 2026, authorities said [1, 2]. She paid RM48,965 in 12 transactions to four bank accounts for a scheme called Webull, which promised returns within six hours between May 1 and 7 [1, 2]. She lost another RM50,311 to a second Telegram scheme named Sunway Trade that promised returns in 30 minutes from May 11 to 13 [1, 2]. The woman suspected fraud after being asked to pay an additional RM38,527, which she did not, and filed a police report on May 13 [1, 2]. Kuala Terengganu district police chief ACP Azli Mohd Noor said she "was asked to make several additional payments on the pretext of enabling the withdrawal of investment profits" [1].
Two senior citizens in Penang lost nearly RM2.7 million in separate China-linked online investment scams, police reported [3, 4]. A 62-year-old machinery caretaker lost RM1.294 million after investing RM1.397 million in 28 transactions from April 6 to May 4 via an app called Global Finance Trends XA. He only received RM103,000 in returns before discovering he was scammed when unable to withdraw RM1 million profit displayed on the app [3, 4]. A 72-year-old former company director lost RM1.403 million in 53 transactions to 30 bank accounts between November 27, 2025 and February 5, 2026. She was first contacted via Facebook and LINE starting in July 2023 and invested through a membership website linked to the Shanghai Futures Exchange syndicate [3, 4]. Penang Police Chief Datuk Azizee Ismail said the suspect "offered an investment purportedly originating from China under the name Citic Wealth Advisors Sdn Bhd, promising high returns" [4].
An accountant in Kulai lost RM155,182.97 after investing in a fraudulent digital platform that promised double returns within 24 hours, with payments made between March 30 and December 15, 2025 [5]. The man saw fake profits of RM437,740 on the platform but was blocked from withdrawing funds and reported the scam to authorities [5]. Kulai District Police Chief Tan Seng Lee said, "The victim became interested in the investment because she was promised doubled profits within 24 hours, and the suspect claimed the profits would be credited into the victim’s Antos Pinnacles application account" [5].
All scams involved promises of rapid, high returns within hours or days through online or Telegram platforms. Victims were ultimately unable to withdraw their purported profits [1, 3, 5, 2, 4]. The Terengganu victim filed a police report on May 13, 2026, after suspecting fraud [1, 2]. Authorities continue to investigate these cases.
