What Facebook ad led to a RM512,244 investment scam?

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A Facebook Advertisement for "Value Investing" Led to a RM512,244 Investment Scam

An eatery operator in Kepala Batas lost RM512,244 after responding to a Facebook advertisement promoting "value investing." The 54-year-old victim contacted the purported investment agent via WhatsApp on May 22, subsequently opening an investment account through a provided website. Between June 20 and July 5, she made 20 cash transactions totalling RM512,244, transferring funds to eight different bank accounts.
Initial Contact and Scheme Engagement

The incident began when the victim encountered an advertisement on Facebook on May 22 that advertised "value investing." Following her interest, she proceeded to contact the investment agent through the WhatsApp application. The agent then provided an explanation regarding a stock investment scheme allegedly offered by a company, which the victim agreed to participate in.
Account Opening and Fund Transfers

After agreeing to join the scheme, the victim was directed to open an investment account via the website htttp:/plus.com/#/resgristeragentcode697875. Subsequently, from June 20 to July 5, she engaged in a series of 20 cash transactions. These transfers amounted to a total of RM512,244 and were directed to eight distinct bank accounts.
Suspicion and Reporting

The victim began to suspect she had been defrauded when the investment agent became unreachable and the website she used for the investment could no longer be accessed. Although her investment account purportedly showed a profit of RM400,000 through the transactions, she was unable to withdraw either the profit or her initial capital. This led her to file a police report on July 19, prompting an investigation by the authorities.

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What Facebook ad led to a RM512,244 investment scam?

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