A man in Miri lost over RM230,000 to a fraudulent online stock trading scheme after being lured by fake profits shared in a WhatsApp group

MIRI: A man in his early 30s has lost RM233,950 after falling victim to a fraudulent online stock investment scheme.

Miri police chief ACP Mohd Farhan Lee Abdullah said the district’s Commercial Crime Investigation Division received the report yesterday.

The victim became interested in October 2025 after browsing the website https://site.quantumone.asia/?a=login and was instructed to open an account for online stock trading.

He was further enticed by profit claims shared in a stock investment WhatsApp group, where members purportedly displayed their earnings.

Initially, the victim invested RM100 and claimed to have received a return of RM700 credited into his account.

Encouraged by the apparent profit and promises of doubled returns, he proceeded to invest larger sums.

The victim subsequently carried out 27 transactions to 21 different bank accounts.

He only realised he had been scammed when the suspect continued demanding additional payments despite the promised profits not being credited.

The case is being investigated under Section 420 of the Penal Code for cheating.

Mohd Farhan advised the public to remain vigilant and not be easily swayed by investment offers promising unusually high returns within a short period.

He also urged potential investors to verify the legitimacy of investment platforms through the official websites of Bank Negara Malaysia and the Securities Commission Malaysia.

The public should contact the National Scam Response Centre at 997 if they fall victim to fraud.

 The Sun Malaysia