How did the fake investment group lure victims via WhatsApp?

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Fake Investment Scheme Lured Victim Through WhatsApp Group Promising High Returns

A woman accountant lost RM90,000 after being deceived by a fake investment scheme that operated through WhatsApp. The scam began when an unknown individual contacted the 33-year-old via the messaging app and invited her to join a group chat purportedly belonging to an investment company. Within this group, the suspect enticed the victim by promising substantial profits within a mere 24-hour period after making an investment.
Initial Contact and Deception Tactics

The scheme initiated with a direct message on WhatsApp from an unknown perpetrator. This individual subsequently added the victim to a group chat which was falsely presented as a legitimate investment company's platform. The primary lure employed was the promise of exceptionally high returns, specifically stating that investors could expect lucrative profits within 24 hours of depositing funds.
Investment Process and Financial Loss

Convinced by the fraudulent promises, the victim proceeded to invest a significant sum of money. Between September 26 and December 12, she made a total of four cash transactions, amounting to RM90,000, into bank accounts that were registered under a company name. These transactions were conducted without verifying the legitimacy of the purported investment company or its operations.
Realisation and Reporting of the Scam

The victim's realisation of being defrauded occurred when the promised profits failed to materialise. After waiting in vain for the returns, she understood that she had fallen victim to a non-existent investment scam. Consequently, she lodged a police report on December 16, leading to an investigation under Section 420 of the Penal Code, which deals with cheating and dishonestly inducing delivery of property.

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How did the fake investment group lure victims via WhatsApp?

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