The rising amount of scams happening in Malaysia is quite alarming!
In a report by The Star, a hawker named Teoh from Penang sadly lost the money she had saved for her son’s dialysis treatment after a money game scheme she invested in collapsed.
According to 60-year-old Teoh, the money game scheme was known as Live Coin and she had invested RM2,000 into it after her friend introduced her to this scheme.
Source: NBC San Diego
She had hoped to gain more money that could be used for her 40-year-old son’s treatment. Her son has been a kidney patient for 31 years.
Teoh began investing in Live Coin earlier this year but stopped receiving the fortnightly returns she was promised last month.
The hawker explained that she didn’t expect the money game scheme to collapse so soon and thought she would have some money for at least a few months to help ease her financial burdens.
Source: The Star
“I am not blaming my friend as he just wanted to ease my burden. He knew that I work about 16 hours a day despite my weak legs to bear my son’s medical expenses.”
Her son’s dialysis treatment costs about RM1,000 a month, which is a hefty price for a parent to bear.
“The RM2,000 I invested was my hard-earned money. It is bad for money game companies to cheat poor people like me.”
Source: The Malay Mail
Teoh also expressed her guilt for inviting her daughter-in-law, relatives and friends to invest in the scheme along with her, since all of them lost a total amount of about RM10,000.
So far, local police have received one report pertaining to the Live Coin money game scheme. Hopefully, the authorities will look into this matter soon.
This is truly a hard-but-valuable lesson for everyone to invest their money wisely!
Also read: Malaysian Shares Ridiculous Moment Desperate Lady Tried Scamming Her With TNB Bill
