Summary:
- Suspects: The group included 16 Chinese nationals, a woman from Laos, a Hong Kong resident, a man from Myanmar, and one Malaysian.
- Modus Operandi: The scam involved tricking victims into investing in fraudulent cryptocurrency opportunities using dating apps like Tinder and Monsters. The suspects directed their targets to invest through fake apps such as Bitbank and CoinCheck.
- Seized Items: During the raids, PDRM confiscated 55 mobile phones, 17 computers, and various other electronic devices used to facilitate the fraudulent operation.
- Legal Action: The Malaysian suspect was released on police bail after his remand period ended on August 25. The other 20 individuals remain in custody as investigations continue under Section 420 of the Penal Code, which pertains to cheating and fraud.
The Royal Malaysia Police (PDRM) has made a significant breakthrough in combating fraud, arresting 21 individuals during coordinated raids on two upscale properties in Kuala Lumpur on August 19. This operation targeted a sophisticated scam that lured victims into fake cryptocurrency investments through popular dating platforms.
This case underscores the importance of caution in the rapidly evolving world of cryptocurrency and highlights the lengths to which criminals will go to exploit unsuspecting victims. PDRM’s swift action serves as a reminder of the ongoing efforts to protect the public from such fraudulent schemes.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
