KUANTAN, Oct 11 — A retired teacher claims to have lost more than RM1.1 million after falling for a non-existent stock investment scheme promoted on TikTok.
Pahang acting police chief Datuk Azry Akmar Ayob said the 65-year-old man saw an advertisement before contacting someone who claimed to represent the company through WhatsApp.
He said the victim was briefed on stock investments and financial market analysis before agreeing to join the scheme.
“He then carried out 22 transactions to six different bank accounts through online banking and over-the-counter services at financial institutions between August 21 and October 7,” he said in a statement today.
