Why did the victim need to pay an additional RM400,000?

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The Victim Was Asked to Pay an Additional RM400,000 to Withdraw Non-Existent Profits

A 57-year-old mechanic was requested to make a further payment of RM400,000 as a condition for withdrawing promised profits from a fraudulent stock investment scheme. The victim had already invested RM923,350 in what he believed to be a legitimate investment advertised on Facebook. This demand for additional funds, prior to the release of any supposed profits, is a common characteristic of investment scams.
Demand for Additional Funds to Access Profits

The victim was informed that an additional RM400,000 was required if he wished to withdraw the profits that had been promised to him. This demand emerged after he had already transferred a substantial sum of RM923,350 into ten different accounts, believing he was participating in a genuine stock investment. The request for this extra payment served as the trigger for the victim to realise he had been deceived.
Characteristics of Investment Scams

In fraudulent investment schemes, perpetrators often create a facade of legitimacy by promising high returns. Once an initial investment is made, victims are frequently informed that further payments are necessary to unlock their supposed earnings. These additional payments can be presented as processing fees, taxes, or other fabricated charges, designed solely to extract more money from the victim before the scam is uncovered.
The Non-Existent Nature of the Scheme

The stock investment scheme in which the mechanic invested was ultimately found to be non-existent. This implies that the initial contact and subsequent instructions to transfer funds were part of a deliberate deception. The promise of profit was a lure, and the request for the additional RM400,000 was a further attempt to defraud the victim, rather than a genuine step towards releasing any actual returns.

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Why did the victim need to pay an additional RM400,000?

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