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Woman Loses RM2 Million in Love Scam
IFCCI Editorial · Investor Protection10 March 2025
Romance Fraud
A 61-year-old retired Malaysian woman fell victim to an elaborate romance fraud scheme involving cryptocurrency investments, transferring approximately RM2 million across 20 transactions.
Bukit Aman reported 496 romance and phone scam victims in 2024 alone, with losses totaling RM23.3 million.
IFCCI's Investor Awareness Programme addresses these threats through digital literacy programs and fraud awareness workshops.
scamromance-fraudcryptomalaysia
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