Gold High but Years Gone: Retiree Lost RM2.6 Million in a Gold Investment Scam

A 72-year-old woman from Temerloh, Pahang, lost RM2.6 million after falling victim to an online gold investment scam.

What began as a comfortable retirement funded by her savings and her late husbands funds ended in financial ruin.

According to Pahang police chief Datuk Seri Yahaya Othman, the woman was contacted on Facebook by someone who introduced her to what looked like a promising investment. On 20 February last year, she was invited to join a WhatsApp group called “Kelas Pertengahan Elit Malaysia 3”. The group offered short training sessions to teach her how to manage the investment.

She was then asked to use three different mobile apps to make her investments. Between April and December, she transferred money 60 times to two bank accounts. The total amount she invested was RM2.6 million.

The woman used her personal savings, money left behind by her late husband, and funds she borrowed from her children who live abroad. She also sold her home to make more payments after scammers convinced her it was necessary to earn the promised profit.

Trouble began when she lost access to the apps and stopped receiving updates. She realised something was wrong when she received no returns on her investment. By then, the money was gone.

Police have advised the public to check bank account details and phone numbers before making any transactions. This can be done through the official site: https://semakmule.rmp.gov.my.

This case is a strong reminder to always be careful when dealing with any form of investment. It is important to only invest money that you can afford to lose. Instead of focusing on how much profit you might make, think about how much you could lose. This mindset helps protect people from making risky decisions.

The womans story shows how easy it is to be misled by well-organised scams, especially when they appear to come from trusted sources like social media. Scammers often use friendly and convincing language to build trust before asking for money.

As more scams move online, especially through social media, people need to stay alert and informed. No matter how professional something looks, always take time to check, ask questions, and never rush into sending money.

When in doubt, please feel free to contact WikiFXs team for further assistance: