One WhatsApp Message Wiped Out All Her Life Savings

A single WhatsApp message has cost a university lecturer in Terengganu nearly a quarter of a million ringgit, exposing once again the devastating power of online investment scams that are sweeping through Malaysia.

Police confirmed that the 56-year-old victim, who works at a local university, was deceived into handing over RM244,925.61 after being lured by promises of extraordinary profits.

The nightmare began on 14 August, when the woman received an unsolicited WhatsApp message promoting an investment scheme. The message included a link with three options, starting from just RM300. What seemed like a harmless test quickly spiralled into financial ruin.

She invested RM300 and was assured of an exaggerated RM14,000 return. But when she attempted to claim her profit, she was told that more payments were required before any withdrawal could be processed. Believing the scheme was legitimate, she continued to comply.

Over the course of three weeks, from 20 August to 10 September, she transferred money taken from her Employees Provident Fund (EPF) into 18 separate bank accounts. Each transfer was made under the belief that she was inching closer to accessing her supposed returns.

The reality struck on 15 September, when no payout ever arrived. It was only then that she lodged a police report, realising she had fallen prey to a sophisticated fraud.

Kuala Terengganu district police chief Assistant Commissioner Azli Mohd Noor explained that the scammers used a well-known strategy: baiting victims with small investments that appear promising, then escalating demands under the guise of fees and administrative charges. This cycle often traps victims into chasing their losses with larger and larger sums until their savings are drained.

Read this article to find out the real reasons why scammers may give you real (and small) profits initially:

Why Scammers Let You Win Before Taking It All

One of the most cunning tactics fraudsters employ is allowing victims to win at first. But why do scammers take this approach, and how does it work?

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Read this article to learn why you should never transfer to several different accounts:

DON'T TRANSFER: Requests to Transfer Funds to Other Accounts Could be a Scam!

When a broker or its agent asks you to transfer money into an unusual or unrelated account, treat it as a serious warning. This practice is one of the most common signs of a scam in online trading, and ignoring it can cost you your savings!

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The police are now investigating the case under Section 420 of the Penal Code, which covers cheating.

Fraudsters are no longer relying on cold calls or emails; they are embedding themselves into the everyday platforms people use to communicate, waiting for a single click to open the door to disaster.

Authorities repeatedly urge the public to remember a simple rule: if an investment promises fast and unrealistic returns, it is almost certainly a scam. Genuine investments do not demand payments through random bank accounts, and they do not hide behind WhatsApp messages from strangers.

Important Notes for Investors

• Beware of social media solicitations: A growing number of fraud cases involve invitations to invest from individuals met through social media platforms, dating apps, or messaging groups such as LINE. Always verify the legitimacy of any broker introduced to you by using the WikiFX app.
• Should you fall victim to fraudulent activity, you must act without delay. We recommend reporting the matter to the police or consulting a qualified solicitor, as well as contacting your local consumer affairs office.
• To further support investors, the WikiFX app delivers daily push notifications highlighting brokers identified as posing withdrawal risks. For timely updates and reliable protection, we encourage you to download the app.