Woman loses over $400k to investment scam; at least 20 cases involving over $1.7m reported
newsare.net
What started as a modest «investment» ended in a financial nightmare for a woman in her 50s after she lost more than $400,000 to a scam within two months. Speaking to the media at the Police Cantonment Complex on Thursday (Aug 29), the victimWoman loses over $400k to investment scam; at least 20 cases involving over $1.7m reported
What started as a modest «investment» ended in a financial nightmare for a woman in her 50s after she lost more than $400,000 to a scam within two months. Speaking to the media at the Police Cantonment Complex on Thursday (Aug 29), the victim, who wished to be known only as Lim, recounted how she was drawn into the scheme and gradually persuaded to «invest» increasingly large sums of money. Lim, who works in the healthcare sector, said that at the time, she was an active user of Moomoo, a global investment and trading platform. «I approached the online customer service by Moomoo and shortly after that I received a WhatsApp group message. I originally thought the people where from Moomoo,» said Lim, noting that the group had at least 80 members.«It (started) as a WhatsApp group before they approached me individually. In the group, they sent investment-related (information) regarding the stocks and sounded very professional,» Lim said, explaining that members often posted screenshots showing their profits and how the investments were made. Read more














