00:00A 55-year-old man who lost nearly 400,000 ringgit in a fake investment scheme was scammed
00:08again, this time by a bogus lawyer promising to recover his money.
00:13At a press conference on Tuesday, MCA Public Services and Complaints Department head Datuk
00:18Sri Michael Chong said the victim, known only as Liao, was first duped after joining a fake
00:24investment learning platform on April 10.
00:27He was lured by an offer to buy into a purported China-Hong Kong IPO, using his employees'
00:33Provident Fund savings and family loans to purchase the so-called shares.
00:38Each time the platform claimed to secure a new IPO, Liao was pressured into investing further
00:44despite being unable to afford it.
00:46In total, he lost 390,000 ringgit across seven transactions.
00:52Ashamed and desperate, Liao turned to a lawyer he found on social media who claimed to specialize
00:57in recovering money from investment scams.
01:00When she lost the money, of course, he was trying to look for a legal help, you see.
01:07He was trying to look for a legal help, and that's where he was conned.
01:11The lawyer, who claimed to be a Chinese national based in Hong Kong, tricked the victim into
01:27believing his money had been traced to a Macau casino, and insisted the only way to recover
01:32the funds was to gamble them back online.
01:35Liao was then introduced to another accomplice, Alan, who claimed to be from the Hong Kong Anti-Deception
01:42Coordination Centre .
01:45He told Liao there was a bug in the system that could help him win back the funds, but
01:50only if he gambled within five days.
01:52Panicked, Liao began transferring more money into Malaysian bank accounts linked to the
01:57scam, eventually losing another 61,500 ringgit.
02:02His total losses from both scams now exceed 451,500 ringgit.
02:08So, the scammers, doesn't it, capitalised on his fear of losing more money, you know, and
02:16his desperation to recover the initial loss, that's why they came on, and he was desperate
02:22to recover the money already, and the embarrassment of informing everybody that has lost money this
02:27way has prevented him from alarming the people who he's supposed to alert at that time.
02:33Liao lodged two reports in Wangsa Maju after losing all his retirement funds and money
02:39borrowed from his family.
02:41Chan advised the public to verify the identities of individuals from official sources, such
02:46as the Malaysian Bar, instead of blindly trusting the scammers.
02:50When a person is really desperate to recover the money, that is the psychology.
02:55And so this is a huge message to the public.
02:58Whenever we are faced with already a loss, you know, in money, right, the first thing to
03:03do.
03:04I know people have made police reports and they're still waiting for updates on investigations,
03:07but that should be the first step.
03:09Bring your family with you, have somebody to accompany you, go and launch a report.
03:13Expose the whole modus of these scammers and make it known to the authorities first, alright?
03:19At least make the regulators be aware of it.
03:22Chong said this was not the first case involving fake lawyers, and warned that foreign investment
03:27schemes are increasingly becoming a hunting ground for scammers.
03:33Chong said this is story…
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03:43Listen to yourself to...
03:46on the other side.
03:48Rel insightfulожалуй issues…
03:50Regardless if the crime�ir comes off, you hook the law back in front of yourself.
03:51To the devil and bel其实 up even the strays...
03:55The reason that there is a job of patients, this place, you can manage the newcomers and there analyze it in a week.
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