Unemployed Man Loses RM516,000 Life Savings to Fake Online Investment Scam
An unemployed 56-year-old man from Seri Alam in Johor lost his entire life savings of RM516,341 to an online investment scam that promised 60% of daily returns.
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An unemployed 56-year-old man from Seri Alam in Johor lost his entire life savings of RM516,341 to an online investment scam that promised 60% of daily returns.

Chen had spent about two decades building his savings through delivery work, small business activities and interest income. He lived a highly frugal lifestyle, continuing to stay in an old house and cutting spending wherever possible. Much of his money was saved for his family, particularly his children's education. But within weeks, it was gone.

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