44yo man loses RM333,576 to non-existent online stock investment scam

By DayakDaily Team

KUCHING, Nov 13: A 44-year-old local man has lost RM333,576 after falling victim to a non-existent online stock investment scam through a website called GINKGO-my.com.

According to Kuching District Police chief ACP Alexson Naga Chabu, the victim came across an investment advertisement on Facebook on Sept 16, 2025, which led him to register an investment account on the GINKGO-my.com platform.

“The victim then made 26 online transfers in stages into six company bank accounts, believing he was investing in a legitimate stock platform,” he said in a statement today.

However, the victim realised he had been cheated when he was unable to withdraw the purported profits displayed in his investment account. He then lodged a police report, resulting in a total financial loss of RM333,576.

The case is being investigated under Section 420 of the Penal Code for cheating and dishonestly inducing the delivery of property, which carries a jail term of one to 10 years, whipping, and a possible fine upon conviction.

Alexson revealed that from Jan 1 to Nov 12, 2025, the Commercial Crime Investigation Division (CCID) of the Kuching District Police Headquarters has recorded 101 cases involving similar online investment frauds, with total losses amounting to RM23.3 million.

He urged the public to exercise caution when dealing with online investment opportunities, especially those advertised through social media platforms.

“Do not be easily influenced by promises of quick or high returns. Always verify the legitimacy of investment companies or websites through official authorities,” Alexson advised.

He added that the public can verify companies or investment schemes through Bank Negara Malaysia (BNM) at www.bnm.gov.my or BNM Telelink (1-300-88-5465), and Securities Commission Malaysia (SC) at www.sc.com.my or 03-6204 8999.

Alexson also reminded victims who have recently transferred money to scammers to immediately contact the National Scam Response Center (NSRC) at 997 for possible recovery assistance.

He further encouraged the public to use tools such as the Investment Checker (www.sc.com.my/investment-checker), Check Scammers CCID (semakmule.rmp.gov.my), and the Whoscall app to screen suspicious numbers and avoid becoming the next victim. — DayakDaily

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