Retiree loses over RM1 million to non-existent gold investment

Taiping district police chief ACP Osman Mamat said the 60-year-old man, who lodged a report here, yesterday, claimed he was befriended by a Singaporean woman through a free online dating application OKCUPID, who offered him to invest in a gold investment called Alpha Tradex.

The victim claimed he then transferred the money for the investment in several transactions into eight accounts given by the woman, with a promise of more than USD 2 million in profit, following which a receipt was issued to him on the profit being deposited into his bank account, he said in a statement today.

Osman said the retiree realised he was duped when he wanted to make a withdrawal from his account and discovered no money was deposited into the account.

The retire checked with the bank and was told that the receipt that was issued to him was a fake one, he added.