Retired Man Loses Life Savings to ‘Sister Duo’ in Forex Scam

A 77-year-old retiree lost his entire life savings (amounting to RM104,844) after being persuaded by two women, known to him as “Kelly” and “Lydia,” to invest in a non-existent foreign exchange (forex) trading scheme promising high returns.

Kuala Terengganu District Police Chief, Assistant Commissioner Azli Mohamad Noor, revealed that the victim lodged a police report at 4:47 p.m. yesterday, claiming he had been duped in what turned out to be a fraudulent investment.

According to the police report, the victim first came into contact with a woman identifying herself as Kelly through Facebook at the end of May this year.

During their initial conversations, Kelly allegedly told the victim that her “sister” was making substantial profits through forex trading.

Subsequently, on May 28, a woman claiming to be Lydia, Kellys sister, contacted the victim directly. Lydia introduced a forex investment opportunity and asked the victim to transfer the capital, assuring him that she would handle the trading process herself.

As the investment appeared to generate substantial profits on the account presented to him, the retiree attempted to withdraw the earnings. However, Lydia informed him that in order to access the funds, he would first need to make additional payments.

She claimed the profits had triggered anti-money laundering alerts, and that further payments were required to prevent the funds from being frozen or confiscated.

Believing this to be true, the victim proceeded to make three transactions, withdrawing a total of RM35,844 from his personal savings, thus comprising both capital and supposed profits.

Eventually, the victim became suspicious, especially after he had already deposited a total of RM104,844 into the fraudulent account and was still being asked to make further payments. It was only then that he realized he had been scammed. The case is currently under investigation by the Kuala Terengganu police.

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